Which of the following is a true statement regarding the requirements baseline?

The statement regarding the requirements baseline being considered a contract between the customer and the rest of the project team is accurate because it reflects the formal agreement on what is included in the project scope. A requirements baseline is established when the stakeholders reach a consensus on the set of requirements to be implemented. This serves as a reference point and ensures all parties have a mutual understanding of what will be delivered.

In this context, 'contract' does not necessarily mean a legal document but rather an implied understanding that any changes or deviations from this baseline will be managed through a change control process. This facilitates effective communication, helps in managing expectations, and serves as a commitment from the project team to fulfill the agreed-upon requirements.

Other statements do not accurately capture the nature of a requirements baseline. The idea that it is merely the starting point for requirements does not encompass its role as a formalized agreement. Baselining typically occurs at a defined stage, not only at project completion and approval, making the assertion about its timing misleading. Additionally, suggesting that it is just the point from which developers start implementing changes overlooks its function as a stable foundation upon which all project activities are planned and tracked.