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what is the use of MILESTONES in PROJECT MANAGEMENT??

By
Alcaline
on 7/9/14, 3:12 AM 1,026 views

Does anyone here knows the use of MILESTONES in Project Management?? Explain this how is this related to project and task?

Thanks in Advance,

thanks Mr. Kristian Gough..

Alcaline
on 7/10/14, 4:14 AM
0
Kristian Gough
On 7/9/14, 5:21 AM

A Milestone is an event which usually has a deadline, requires something be done or needs special attention. A Milestone helps keep the project team on the right track and also helps the Project Manager have a better overall picture of the project.

For example, you might have a Milestone for 'Delivery 1', 'Delivery 2', 'Final delivery' etc. Key deadlines are related directly to your project but they aren’t project tasks. Use a key deadline as a milestone to reflect when a section of tasks or key task is completed.

In some projects you might have milestones for payment Milestones where the payment terms are linked to project stages, such as '20% on completion of design', '20% on commencement of manufacturing'. When you hit these Milestones something needs special attention (money needs paying!). 

The Milestone is not a task though. Use tasks to get people to do something then use a Milestone to mark that it is done.

* Milestone project start
====== Design

            ========= Purchasing
                  * Milestone 30% payment due on manufacturing start 
                  ========= Manufacturing
                                    ========== Testing
                                                        * Milestone manufacturing complete
                                                        == Delivery
                                                            ========== Installation & Commissioning
                                                                                * Milestone project complete

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Asked: 7/9/14, 3:12 AM
Seen: 1026 times
Last updated: 3/16/15, 8:10 AM