What is Performance Measurement Baseline (PMB)?
What is Performance Measurement Baseline (PMB)?
The Performance Measurement Baseline (PMB) is similar to setting a starting line, checkpoints, and a finish line in a marathon, a baseline in project management is the ultimate yardstick that lets you measure how well your project is performing. It is a complete plan that encompasses the scope, timetable, and budget of the project. Consider it your project plan, stating what has to be done, when it should be completed, and how much it should cost. This baseline serves as a reference point throughout the project, allowing you to track and compare actual progress to what was initially intended, allowing you to determine if you are ahead, on schedule, or falling behind. It acts as a compass for your project, directing you in the proper direction and letting you know if you’re on the right track.