Building
the Baseline
The baseline will be used for control throughout the project, and variances
from the baseline will become key performance indicators (KPI) of success.
Don’t be confused by terminology regarding baselines: the
cost baseline is the same as the schedule baseline.
This graph shows an example
of the estimated cumulative baseline for a simple project as it progresses
from 0% to 100% completion over 12
months. The value of work planned is the number of examinations (work
delivered) and that value is spread over the 12 month timeline.
The
baseline is shown for the entire planned life of the project.
This graph also shows a tracking of actual work accomplishment
against the
baseline for the first four months of the project. The graph vividly shows the difference between
planned work and actual work accomplishment (or earned value) – exactly
what we need to know if we are going to try to control the
project. |