Milestones in Project Management: What are they?
In project management, milestones serve as markers for project initiation, external reviews, budgets, and major deliverables
Project management milestones must indicate the project life cycle phases: initiation, planning, execution, closure
Project Initiation:
– Define project objectives and scope
– Identify stakeholders and create a project charter
Planning:
– Develop a detailed project plan, including schedules and budgets
– Define roles and responsibilities
Execution:
– Carry out the project activities as per the plan
– Monitor progress and manage resources
Monitoring and Controlling:
– Track project performance against the plan
– Implement corrective actions as needed
Closing:
– Deliver the project to the client
– Evaluate project success and lessons learned
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