MSAMM
Back to course

Implementing Project Portfolio Management: From Organization Structure to Recognized Revenue · Module 10 · Budgeting, Forecasting and Progress

Creating and baselining a budget

Lesson 103 of 198 · 13 min

Create a financial plan version from the budget plan type. Enter or generate plan lines against the planning RBS, review the totals by resource and by period, submit for approval and approve. Baseline it — and understand what baselining means. Create a revised version and show both coexisting, then show the baseline used as the comparison in reporting. THE BASELINE IS THE PROMISE. Everything is measured against it. Changing it should be a controlled event — which is why Module 9 configured approval. Multiple versions with one baseline is the normal pattern.

The full lesson is part of the course

The video, the complete written lesson and the module quiz are included in Implementing Project Portfolio Management: From Organization Structure to Recognized Revenue, with a certificate on completion and a fourteen-day refund window.

See the course and enrol9 free lessons

Get the free lessons by email

We will email you a link to every free lesson in this course. No account needed, and one message only.

In this module: Module 10 · Budgeting, Forecasting and Progress

  1. 1The planning cycle
  2. 2Creating and baselining a budget
  3. 3Progress collection
  4. 4Physical percent complete methodsFree preview
  5. 5Generating a forecast
  6. 6Progress exception thresholds
  7. 7Variance analysis
  8. 8Earned value basics
  9. 9What breaks
  10. 10Lab: run one full cycle and time it