I agree with Mr. Porter and Mr. Pakki. Milestone is defined as an achievement of a significant step in a project at the phase gates, completion or acceptance of an important deliverable.
Kindly check this link on how to identify/determine milestones.
Krishna PakkiProject Services Manager| Rio TintoGilbert, Az, United States
Stage gates, completion of major work packages, major deliverable, events etc. There are few guidelines on milestones ration to the number of normal activities in a schedule. Too many milestones will kill the intent and too less number may not reflect the key milestones that are needed to control schedule.
The rule i follow is, when we present the Milestone dates from a project schedule, it should describe the entire project flow with major work packages, stage gates, key deliverable. Some times i divide them into Project Milestones and Phase milestones to present depending on audience. Saving Changes...
Jess De OcampoLean Six Sigma Professional/Project Manager/Consultant/| .Manila, Ncr, Philippines
Jul 20, 2017 10:15 AM
Replying to Aaron Porter
...
Phase gates and deliverables.
I agree with Mr. Porter and Mr. Pakki. Milestone is defined as an achievement of a significant step in a project at the phase gates, completion or acceptance of an important deliverable.
Kindly check this link on how to identify/determine milestones.
Thanks for your guidance Mr Pakki. Saving Changes...
John ColePM II| County of RiversideRiverside, Ca, United States
I agree with the others. However, I always like to provide additional detail.
Milestones generally are major work deliverables or phases of a project. In an IT project, this could mean "module" is complete (deliverable) or a "testing" is complete (phase). However, I always like to keep my audience in mind. If management saw only the list of milestones and start/finish dates, could they understand where we are in the project? This does not necessarily mean health of the project, but where the project is.
Secondly, for many projects, I've seen billing performed two different ways: 1) on a deliverable basis (pay x% at this deliverable); 2) on a percentage of project completion basis (30%, 60%, 90%, 100% overall project completion).
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