(1) A specification or product that has been formally reviewed and agreed upon that thereafter serves as the basis for further development and that can be changed only through formal change control procedures. (2) A document or set of such documents formally designated and fixed at a specific time during the life cycle of a configuration item. Note: Baselines, plus approved changes from those baselines, constitute the current configuration identification. (3) Any agreement or result designated and fixed at a given time from which changes require justification and approval.[3]
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Product development[]
A baseline is
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[a] specification or product that has been formally reviewed and agreed upon, that serves as the basis for further development, and that can be changed only through formal change control procedures.[4]
Baseline refers to the current status of the functions to be outsourced in terms of assets used, actual costs, and service levels achieved. It is the starting point for customer to define its needs in an outsourcing relationship.
References[]
↑FFIEC, IT Examination Handbook Infobase, Glossary (full-text).