Risk Management Professional Exam Prep

Answer: All of the above. The most common performance baselines are cost and schedule. However, it’s possible to have them for quality and technical performance as well. Technical baselines are especially common in R&D projects. Baselines are a basis of comparison for measuring the performance of the project.

Key Takeaway: Generally, as a project manager, you should be outperforming your project baselines. That does not mean to leave slack in them when you create them, but rather make a good estimate that accounts for risks that may knock you off schedule or cost and then manage those risks well.