What's a baseline financial project plan?

Key planned information for tasks and task assignments, including dates, costs, quantity, effort, and rates, that you can save from current project plan values.

Setting a baseline for a financial project plan doesn't create a new plan version.

As a project manager, you must set a baseline for your project plan before capturing progress. You can use the Manage Financial Project Plan page to set a baseline. Baseline amounts determine earned value for lowest-level tasks, which in turn are used to roll up physical percent complete to summary tasks.

You can't delete baseline data, and baseline data doesn't change unless you override it when you next set a baseline for the tasks.

Tip: By generating a budget version when you set a baseline for your financial project plan, you can refer to the historical record of past baseline data.