Project MilestonesKnowledge Center |
24 items • 34.486 visits
Sign up for free
Welcome to the Project Milestones center of 12manage.
Here we exchange knowledge and experiences in the field of Project Milestones.
❗Sign up now to gain access to 12manage. It's completely free.
What are project milestones?A Milestone in project or program management is a scheduled checkpoint that marks the completion of some major deliverables, work packages or phase. A milestone by definition has a duration of zero and no effort. There is no work associated with a milestone. It is like a flag or signal in the work plan to signify that some work has completed. But any milestone is linked with a stage of the project which requires different resources.
Before a milestone is realized, its status is typically represented as red (problematic), yellow (attention) or green (on track).
Milestones are typically defined at the start of a project as part of project planning. Examples of MilestonesTypical milestones are: idea validation, pre-design validation, detailed design validation, prototype validation, supplier choice, supplier initial samples validation, process implementation, customer validation, production start, completion, endorsement or signing of a deliverable, document or a high level review meeting.
Applications and Use of MilestonesIt is used to validate how the project is progressing and to revalidate work. It is also used as high-level snapshots for management to validate the progress of the project. Often, there is a decision that needs to be made at a milestone regarding the future of a project.
Compare with: Gantt Chart | Deliverable | PRINCE2 | Project Risk Assessment | OPM3 | MSP | PMMM | IPMA Competence Baseline (ICB) | PMBOK |
|
Return to Management Hub: Change & Organization | Communication & Skills | Decision-making & Valuation | Program & Project Management More on Management | Return to Management Dictionary |
This ends our Milestone summary and forum. |
About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
© 2024 12manage - The Executive Fast Track. V17.2 - Last updated: 17-5-2024. All names ™ of their owners.