The Sydney opera house is an incredible feat of architecture. Well ahead of its time when completed and now recognized throughout the world, it’s a building that changed the image of an entire country. Unfortunately, at approximately ten years late (and AUS $95 million over budget), it’s also famous, in scheduling terms, for being something of a disaster.
For decades and since the early days of computing, having the right information available, easily accessible, at the appropriate level of detail, and on a timely basis has been the desire of management at all levels.
A baseline is an important element of project management. Without a baseline, there will be no performance measurement and no earned value analysis for your project.
A sound principle of project management is ensuring the baseline is set at the planning stage and not altered later on unless due authority is received from the project owner. When revising the baseline make sure the original and any previous baselines are not lost. A proper baseline process earns value and credibility for the project.