Do you want to create a project baseline? Our video outlines the importance of a baseline in project management, as well as the steps you need to take to build one – all in less than two minutes.

Project baselines give you a clear overview of your entire project, helping you identify and address potential problems before they escalate. A project baseline consists of three components: scope, schedule, and cost. Once these are determined, you can call this point a performance measurement baseline. When your baselines are fully integrated, you can quickly see how a schedule delay will impact project costs.

Ready to define the baseline of your project? Don't forget to follow these four steps:
Write a scope statement
Outline your project schedule
Estimate your project costs
Consultation with stakeholders

Learn more about baselines in project management – including benefits, challenges and how to manage changes to project baselines – in Wrike's comprehensive guide: https://www.wrike.com/project-management-guide/faq/what- is-a-baseline-in-project-management-project-baseline/

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