What is a Milestone?
A milestone is the end of a stage that marks the completion of a work package or phase, typically marked by a high level event such as completion, endorsement or signing of a deliverable, document or a high level review meeting. In addition to signaling the completion of a key deliverable, a milestone may also signify an important decision or the derivation of a critical piece of information, which outlines or affects the future of a project. In this sense, a milestone not only signifies distance traveled (key stages in a project) but also indicates direction of travel since key decisions made at milestones may alter the route through the project plan. To create a milestone, enter 0 (zero) in the Duration field. The task will automatically be classified as a milestone. Copyright © 2009-2010 Wikipedia. All rights reserved.
According to standard terminology, ” A milestone is a significant event in the project, such as an event restraining future work or marking the completion of a major deliverable or phase.” (See topic on Works cited). Milestones are indicated on the roadmap time line of the project. Note: In Clarizen, a milestone can actually consist of tasks that should be executed in order to achieve the milestones goals (in terms of content and dates). This methodology enables you to acquire an immediate understanding of the status of every milestone, especially since it is reflected from the project’s work items.
Hi, About Milestones Milestones are important points in the lifecycle of the project. Project Contract allows providers to create separate milestones that specify what will be delivered, when, and how much the provider will be paid after the successful completion of each milestone. Service providers can specify as many milestones as needed. you can get the full guide.. here in this link http://www.limeexchange.
