DEFINITION :-Milestones are tools used in project management to mark specific points along a project timeline. These points may signal anchors such as a project start and end date, a need for external review or input and budget checks, among others. In many instances, milestones do not impact project duration. Instead, they focus on major progress points that must be reached to achieve success.
Using milestones in scheduling
Milestones are frequently used to monitor the progress, but there are limitations to their effectiveness. They usually show progress only on the critical path, and ignore non-critical activities. It is common for resources to be moved from non-critical activities to critical activities to ensure that milestones are met. This gives the impression that the project is on scheduProject Phases and Milestones
Projects can be of varying duration, depending on the size and complexity. But generally speaking, every project
follows a certain cycle: the project life cycle. Whether you are building a house, developing new software, or
erecting a complete industrial plant, you will see that every project develops in phases.
Based on its complexity and newness, a project should be processed according to a systematic procedure. This
procedure is determined by the following three basic principles:
1. Structuring in phases
2. Moving from general to detailed
3. Problem solving cycle.
Breaking the project down into individual phases depends on the emphasis of the project,