The Performance Measurement Baseline (PMB) is a combination of the project's scope, schedule, and cost baselines. It is used to establish a reference point for measuring and analyzing project performance during the execution phase. The PMB helps project managers assess how the project is performing…The Performance Measurement Baseline (PMB) is a combination of the project's scope, schedule, and cost baselines. It is used to establish a reference point for measuring and analyzing project performance during the execution phase. The PMB helps project managers assess how the project is performing concerning its scope, schedule, and cost objectives, so they can better control the project and make necessary adjustments. By monitoring the project against the Performance Measurement Baseline, the project team can identify issues that may lead to scope changes or deviations, and take corrective actions to ensure the project remains aligned with its objectives.
Performance Measurement Baseline Guide
What is Performance Measurement Baspline (PMB)? It is a key tool in project management that combines scope, schedule, and cost baselines to form a performance measure against which project execution is compared. It also helps to identify variances in the project plan.
Why is it important? The PMB provides an 'anchor' against which project performance can be measured. It helps the project manager to identify if the project is on track, ahead or behind schedule, over or under budget. Without a PMB, project control and project decision-making would be subjective.
How does it work? The PMB compares actual project results against planned or expected results. If the actual results deviate significantly from the planned results, the project manager may need to take corrective action.
Exam Tips: Answering Questions on Performance Measurement Baseline When answering exam questions about the PMB, it's important to understand the relationship between the scope, schedule and cost. Remember, a positive variance indicates that the project is under budget or ahead of schedule, while a negative variance means the opposite. It's also helpful to know how to calculate variances and how to interpret the results.
Expect scenario based questions requiring analysis of project performance against the PMB. It's critical to understand the actions a project manager might take in response to variances. In some cases, the project manager might need to adjust the baselines to reflect changes in the project scope or schedule.
PMP - Performance Measurement Baseline Example Questions
Test your knowledge of Performance Measurement Baseline
Question 1
You're managing a project and you've noticed that the timeline isn't syncing with the initial work breakdown. Which Performance Measurement Baseline document would help you locate the issue?
Question 2
While reporting to the client about the project's progress, the client wishes to understand why certain tasks are taking longer than anticipated. As a project manager adhering to the practices of PMBOK Guide Seventh Edition, which component of the Performance Measurement Baseline (PMB) would you refer to, to provide a comprehensive answer?
Question 3
Which of the following statements is TRUE regarding the Performance Measurement Baseline (PMB)?
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