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Once a project schedule is approved, what does it officially become?
Activity baseline
Schedule baseline
Resource plan
Implementation plan
The correct answer is: Schedule baseline
The correct answer, "Schedule baseline," refers to the approved version of the project schedule that is used as a standard for measuring and tracking project performance. Once the project schedule is finalized and approved by the relevant stakeholders, it serves as a key reference point throughout the lifecycle of the project. This baseline helps project managers and teams to monitor progress, control changes, and assess variances between planned and actual performance. It is essential for effective project management because it allows for meaningful comparisons and aids in decision-making regarding project timelines and resource allocation. In contrast, the other options, such as activity baseline, resource plan, and implementation plan, refer to different components or plans within project management. The activity baseline would specifically pertain to the approved sequence and duration of individual tasks, while the resource plan focuses on the allocation and management of resources needed for the project. The implementation plan outlines the strategies for executing the project but does not specifically pertain to the timing and scheduling aspects captured in the schedule baseline.