The project shall develop the schedule according to the level of details prescribed in each Gate or Phase. Each Gate shall have a schedule baseline. Approval of the schedule baseline is necessary before the project crosses each Gate until the execution Gate.
It is critical to analyze trends and variances using data derived from the schedule on regular basis. The project quantifies the deviations from the target. Threats and opportunities become clearer and decision-making becomes easier.
We all want a reliable project baseline for all established processes to work well. The official schedule baseline gives the project a good line of sight to what it wants. Having a good baseline increases the company’s strategic advantage and makes it more successful compared to those who have not.
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