2. Milestone is a framework of Project Management
It is a key determinant of project scheduling
Logical marker before end of a phase inside the project for a certain
task/activities so that corrective actions could be taken in case of
problems and deliverables can be completed within time
Milestones are and internal project result used by manager to check
project progress
It helps to frequently monitor project progress
It is not a deliverable to customer
Milestone signifies important decisions that affects the future of the
project
It is a key for defining Program Evaluation and Review Technique (PERT)
or the Critical Path Method(CPM)
Project Milestone
3. Scheduling: Setting milestones can help keep project on schedule. After reaching
a milestone it is a chance to re-visit your project plan and identify any problems
in your project schedule.
Celebrating success:
Especially when working on a long-term project, reaching a milestone can be
a chance for you to congratulate yourself on a job well done.
Project evaluation:
Re-visiting your project plan from time to time is essential and reaching
a milestone is a good time to step back from the project and take a critical look.
What is going well?
What problems are you encountering?
Are your tasks realistic?
How about your time estimations?
Re-evaluating project when reach milestones is a good way to keep it on track
and to identify potential problems before they become serious.
Why it is Required?
4. Over-complication of smaller projects:
Not all projects need milestones. Smaller projects can become
unnecessarily complicated if broken down into too many tasks and
milestones.
Non-critical task slippage:
There is a danger in concentrating too much on the milestones along
critical path. This might miss the non-critical tasks that can slip as a
result. If a milestone has been set be sure to use them as an opportunity
to review the whole project, not just the tasks along the critical path.
Tradeoff - Milestone
