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Which of the following provides a method to track project progress during project execution against what was planned?
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.