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Definition of 'Baseline'

A baseline is a reference point against which progress or performance can be measured. In project management, a baseline is the original plan for a project, which is used to track progress and identify deviations from the plan. The baseline can be used to create a project schedule, budget, and risk management plan.

In financial reporting, a baseline is the starting point for a financial forecast. The baseline is used to project future financial results based on current conditions and assumptions. The baseline can be used to identify potential risks and opportunities and to make informed decisions about the future.

In business, a baseline is a reference point against which current performance can be measured. The baseline can be used to identify areas where improvement is needed and to track progress over time. The baseline can also be used to set goals and objectives for the future.

Overall, a baseline is a valuable tool for planning, tracking progress, and making informed decisions. It can be used in a variety of settings, including project management, financial reporting, and business.

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