What is 'baseline date' in SAP PS - Project System?

baseline date - Overview

• Component: PS

• Component Name: Project System

• Description: A date, in project management, that is included in the baseline plan of a project. Used to compare with current planned dates to determine any delays. In the , baseline dates are one of four date types for events.

baseline date - Details

• 
  Key Concepts: 
  Baseline date is a feature in the SAP Project System (PS) component that allows users to set a specific date as a reference point for project planning. This date is used to compare the actual progress of the project against the planned progress. It is also used to calculate the planned and actual costs of the project. 
  
  How to use it: 
  The baseline date can be set in the project definition. Once it is set, it cannot be changed. The baseline date is used to compare the actual progress of the project against the planned progress. It is also used to calculate the planned and actual costs of the project. 
  
  Tips & Tricks: 
  It is important to choose a baseline date that accurately reflects the start of the project. This will ensure that all calculations are accurate and that any changes made to the project are properly reflected in the calculations. 
  
  Related Information: 
  For more information on setting a baseline date in SAP PS, please refer to SAP Help documentation.