What is difference between demand baseline and project baseline

[Syedmd08]

the demand baseline and project baseline are two different types of baselines used to track and measure performance in different stages of the project lifecycle.

The demand baseline is used during the planning phase of a project to estimate the demand for resources and the overall cost of the project. It includes the estimated demand for time, resources, and costs required to complete a project, as well as the expected benefits and outcomes. This baseline helps project managers to assess the feasibility and viability of a project before it is approved.

On the other hand, the project baseline is used during the execution phase of a project to track the progress and performance of the project against the original plan. It includes the agreed-upon scope, schedule, and budget for the project and serves as a reference point for measuring progress and managing changes to the project. This baseline helps project managers to ensure that the project is delivered on time, within budget, and according to the agreed-upon scope.

In summary, the demand baseline is used to estimate the demand and feasibility of a project, while the project baseline is used to track and manage the progress and performance of a project.

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[Community Alums]

Hi @ooooo2398 ,

Project Baseline: 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.

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.

Demand Baseline :Create financial baseline of a demand, which captures benefit and financial metric information (snapshot of cost plan, benefit plan, and demand-level financial metrics) at a particular moment in time. once a project is created from a demand, a demand baseline is created to capture the details about dates & other meta data for future references. This helps in future to understand or compare with the current information.