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There are three main benefits to having a baseline plan. A baseline plan helps team members keep on track with the end goal. For example, if the baseline projected that a portion of the project would take two weeks to complete and a month has gone by, that may be an indication that something is amiss.
The importance of a project contingency plan is that it allows the Project Manager to deal with known risks with more confidence. Contingency planning prevents the panic modeâ¦ situation when we face risks, as it incorporates risks into the schedule.