In my previous article, I talked about some of the facts that you need to know about work Breakdown Structure for projects. In this article, I want to look at the use of Project Milestones Follow me as we are going to look at that together in this article.
Milestone
A milestone is a control point event in a project with zero duration that triggers a reporting requirement or requires sponsor or customer approval before proceeding with the project. Milestones serve as markers and are defined by the project manager, customer, or both.
Typical example…
A construction firm that is building a new house will include several milestones at the beginning and end of the project and at each phase of the contract that involved deliverables. The major milestones will include: completing the site preparation, foundation, basement, crawl space, floor, roof frames, porch, windows and doors, plumbing, electrical and insulation work, drywalling, and furnishing.
Milestone lists..
A Milestone list is a document that contains the project milestones and indicates I’d achieved the milestones mandatory or optional for the project to move to the next phase. Milestone lists are used as indicators of a project’s progress and the goals that must be reached. They may also list the scheduled dates for each milestone. They are usually accompanied by milestone charts.
Entry/Exit criteria
Entry/exit criteria are conditions or circumstances that are required to enter into or exit from. A particular milestone. An exit criterion corresponds to a condition that has to exist for the work to begin. An exit criterion corresponds to what must be accomplished for the milestone to be considered complete. The exit criterion for the completion of one or more milestones is the entry criterion for the next subproject work.
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