Project performance baselines

After elaborate planning, now your project is executing. During this phase,  you will have to constantly keep an eye on Project's baselines and see how the Project work is performing. The Project performance baselines are Scope baseline, Schedule baseline and Cost baseline. The three constraints outlined by the triangle - remember?

Well, in the following diagram, let me show you:

• The definitions of these baselines. Its very very important to remember them for the Exam. Especially the Scope and Cost baseline.
• The processes that create these baselines. Again very very important for the Exam. Most people tend to think that "Define Scope" process creates Scope baseline, "Estimate Costs" process creates the Cost baseline. Check the diagram to findout why they are wrong.
• These baselines are used as input either directly or via the Project Management Plan.
• When are these baselines updated?