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What are the uses of Baseline in Project Management and Monitoring?

in Project Planning & Mgmt. by  

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Following are the uses & Applications of Baseline in Project Planning & Management
Baseline is defined before tracking project progress

  1. It is a “lock-down” version of the project plan that is not affected by status updates
  2. It spot discrepancies between actual work and schedules work
  3. It identifies potential problems