PMI-SP Exam - Topic 8 Question 54 Discussion

A schedule baseline provides a method to track project progress during project

execution against what was planned.

What is schedule baseline?

Schedule baseline is a project schedule used in measuring project progress. It helps provide a

comparison with the actual

progress of work against the schedule and to determine if performance to date is within acceptable

parameters. Any

change caused by change in scope of the project invalidates the original schedule and requires a new

baseline schedule.

Answer options D, A, and B are incorrect. A detailed project budget, team members profile, and

benefit-cost ratio will not help you track

project progress.

What is BCR?

A benefit-cost ratio (BCR) is an indicator, used in the formal discipline of cost-benefit analysis, that

attempts to summarize

the overall value for money of a project or proposal. A BCR is the ratio of the benefits of a project or

proposal, expressed in

monetary terms, relative to its costs, also expressed in monetary terms. All benefits and costs should

be expressed in

discounted present values. For e.g., a BCR of $3.8 indicates a payback of $3.8 for each dollar

expended.