Create a schedule baseline and financial baseline of a project. A schedule baseline captures planned dates of all tasks and milestones at a particular moment in time. A financial baseline captures benefit and financial metric information (snapshot of cost plan, benefit plan, and project-level financial metrics) at a particular moment in time.

Before you begin

Role required: it_project_manager

About this task

Schedule baseline

You can create as many schedule baselines as necessary and review the changes that have been made to the project since the previous baseline. If a project is not on schedule, you can create a schedule baseline to know how much schedule slippage has occurred. It also helps to view the real-time deviations between actual and planned values.

The baseline appears as a set of gray lines below the bars that represent the actual tasks on the Gantt chart. These baselines represent planned dates, while the task bars represent the actual dates. If the project tasks are shifted to the right of the baselines, the project is running behind schedule.

Financial baseline

You can create as many financial baselines as necessary and compare them to review the financial changes that have been made to the project since the previous baseline. Any financial baseline does not capture actual cost component of the project.

Note: Nested projects cannot have baselines. Baselines are allowed for the top-level projects only.

Procedure

  1. Navigate to Project > Projects > All.
  2. Select the required project.
  3. To create schedule and financial baselines of a project, use any of the following options.
    OptionSteps
    From the Financials tab
    1. Open the Financials tab in project workspace.
    2. Click the More Actions icon (More Actions icon).
    3. Click Create new baseline.
    4. In the Create Baseline pop-up, enter a suitable name and description.
    5. Click Save.
    From the planning console
    1. Open the planning console in project workspace.
    2. Click the More Actions icon (More Actions icon).
    3. Click Create new baseline.
    4. In the Create Baseline pop-up, enter a suitable name and description.
    5. Click Save.
      Note: You can create both schedule and financial baselines from the planning console however only schedule baselines appear in it.
    From a related link
    1. Click the Create Baseline related link.
    2. In the Create Baseline pop-up, enter a suitable description.
    3. Click Save.
    From a related list
    1. Click the Baselines related list.
    2. Click the Create Baseline button.
    3. In the Create Baseline pop-up, enter a suitable name and description.
    4. Click Save.
    Note: In the Create Baseline pop-up, the Create Schedule Baseline and the Create Financial Baseline check boxes are selected by default. Clear a check box if you do not intend to create a specific baseline.