We have now moved from the planning stage to the execution stage of project mana

Question

We have now moved from the planning stage to the execution stage of project management. Following good project management practices, we have set a baseline. How is a project baseline used to guide the execution of the project's work, to evaluate progress and performance, and to control the project? Also, as you continue to think about monitoring and controlling the project, specifically consider the question: How can the project baseline and the earned value approach for variance analysis be used to monitor and report project progress?

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Explanation / Answer

Project Baseline is the foundation document that steers and guide how a project needs to be carried out .

It comprises of many components that goes into the making of a project baseline

In short baseline is nothing but a framework , representing what needs to be done to deliver what the project is for

Project baseline that is used to guide the execution of the project's work , to evaluate progress and performance , measure and control it consist of the following ;

Execution :

Measure and Control :

Project baseline and earned value approach ,set standards on which a project is monitored.In other words they provide the metrics on which the effectiveness is measured or if it is a product , then it defines the deliverables that are required , during monitoring phase both the baseline and earned value are used (standard against the variance) it basically helps in understanding the gaps on the project , and how to then to control the gaps that have occured .

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