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What is a Management Dashboard?
The term Management Dashboard defines a wide range of data reporting and visualization tools or dashboards that allow using various performance & efficiency measures to report on an enterprise’s ability to organize and coordinate its activities in accordance with certain policies and in achievement of pre-determined objectives. What is a Management Dashboard?
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Money Management Action Plan

In this Money Management Action Plan you can read a range of tips and suggestions that will help you manage your money in an effective manner.

Money Management Action Plan
Home » Glossary » What is Schedule Baseline
What is Schedule Baseline  

What is Schedule Baseline


Schedule Baseline is a fixed project timeline that is used for tracking progress upon the project plan and budget or contract performance, so it is utilized as a preplanned standard to measure the project performance in the major aspects. Schedule Baseline is “approved” version of the Project Schedule (it is taken as a standard to be followed). The purpose of baseline schedule is to keep all involved parties (the project customers and the project executers) up to date on a project’s progress – it is used to maintain consistency between customer expectations and contractor commitments. Project scope changes will invalidate the relevance of the original baseline schedule, so it will need to be revised and updated as appropriate (a new baseline schedule will be recreated to overwrite the old one). Baseline schedule, being a “frozen” plan, is continually compared against the actual project schedule, so any deviations from the baseline (such as delay or forestalling) can be timely detected and responded appropriately.

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