What is a standard measure against which the success of a project can be assessed?

A baseline serves as a standard measure against which the success of a project can be assessed because it establishes a reference point for project performance. Setting a baseline includes documenting key performance indicators and expected outcomes at the outset of a project. This allows for a clear comparison between planned and actual results as the project progresses. By using a baseline, project managers can evaluate deviations from the plan, identify areas requiring adjustments, and make informed decisions based on measurable data.

While other terms like benchmark and litmus test may relate to project assessment, they serve different functions. A benchmark typically refers to a point of reference from the industry or other projects that can indicate best practices or standards but isn't specific to the project’s defined objectives. A litmus test is often used metaphorically, unrelated to a structured performance measure in project management. Therefore, a baseline is the most suitable and specific term for establishing a standard measure of success in project evaluation.