After creating the globals and defining the WBS and OBS, you are ready to define the project baseline. The baseline defines the initial project plan. The Baseline estimate uses the WBS as its foundation. To create a baseline estimate, you use the Baseline tab in the Integrated Planning window.
To generate estimates, you assign resources to each WBS element in the left pane of the window. After entering the resource information, you enter estimate values in the right pane. You can select from the following estimates types:
Standard Hours (Industrial Engineering Standard Hour)
Hours
Units
EQP (Equivalent Persons)
Prime (Resource Rate x Hours)
Total Burdened (Prime + Overhead)
Total Cost (Total Burdened + G&A)
Total Dollars (Total Cost + COM)
Total Price (Total Dollars + Fee)
Whichever estimate type you choose to enter, MPM calculates the other values automatically. This is one of MPM's most powerful features. You can view any of the values at any time by selecting from the Estimate Type drop-down list box in the Toolbar.
Creating the Baseline is described in Estimating the Project Baseline.