What does the Performance Measurement Baseline (PMB) include?

Prepare for the AACE PSP Certification Exam with flashcards and multiple-choice questions. Enhance your knowledge with explanations and hints. Get exam ready today!

The Performance Measurement Baseline (PMB) is a comprehensive framework that integrates the project's scope, schedule, and cost into a cohesive baseline for tracking project performance and progress. This baseline serves as a benchmark against which actual project performance can be measured over time.

The inclusion of scope ensures that all the work required is accounted for, while the schedule provides a timeline for completion. The cost component establishes the budget for the project, allowing for the identification of variances between planned and actual performance. By encompassing all three elements—scope, schedule, and cost—the PMB provides a clear and structured method for monitoring and managing project performance, facilitating informed decision-making and adjustments as necessary throughout the project lifecycle.

The other options do not encompass the full scope of what the PMB entails. For instance, metrics focused solely on costs do not capture the breadth of performance measurement needed. Human resources and risk management, while critical aspects of project management, are not part of the PMB itself, although they may influence the overall project execution. Lastly, quality assurance measures, though important, are separate from the baseline, which is designed specifically for performance measurement.

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