1. ScopeThis document describes a framework for redefining IT projects managed by Global Payments PMO. This framework includes. Conditions under which IT projects can be redefined, ii. Rebaseline policy that describes the different steps of the rebaseline process.2. SourcesThe framework described in this document has been developed based on the guidelines from the following reports.1. Information Technology – Agencies must establish comprehensive policies to address changes in project costs, schedule, and performance objectives; GAO2 from the United States. Costing Guide – Best practices for estimating and managing program costs; GAO3 from the United States. Integrated Reference Review (IBR) Guide, working version for draft and comments, revised April 1, 2010; National Defense Industrial Association – Program Management Systems Committee4. Program Managers' Guide to the Integrated Baseline Data Review Process – April 20033. Abbreviations1. PMB – Performance Measurement Baseline2. IBR – Integrated Reference Examination3. GAO – Government Accountability Office4. Rebaseline framework4.1 Why rebaseline a project? Factors external or internal to a project can often impact its performance measurement baseline (PMB). The PMB of a project includes the scope baseline, cost baseline, and schedule baseline. A change (beyond a certain threshold) in one of these references requires that the project be redefined. In the absence of a new baseline, gaps become more pronounced and often obscure management's ability to detect new trends and issues. Rebaselining is an important step in the project management exercise as, if done frequently and inappropriately, it can be used to hide cost overruns and plan for delays. This requires a governance mechanism around the project...... middle of document ...... place to avoid recurrence. 4.3.1 Responsibility matrix for the rebaseline policy The responsibility matrix for each of the activities of the rebaseline policy is presented below. Activity ResponsibilityDescribe the reasons why a rebaseline is justified Project managerDevelop a new baseline Project managerValidation of the new baseline Project management officeManagement review Stakeholders, sponsors, project management office, project manager, team membersDocument the project manager processWorks citedhttp://www.gao.gov/new. items/d08925.pdfwww.gao.gov/new.items/d071134sp.pdfhttp://www.ndia.org/Divisions/Divisions/Procurement/Documents/PMSCommittee/CommitteeDocuments/OtherDocuments/NDIA_PMSC_IBR_Guide_Rev_040110.pdfhttp://www.ndia. org/Advocacy/Resources/Documents/Content/NavigationMenu/Advocacy/Resources/PDFs30/program_managers_guide.pdf