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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, or a need for external review or input and budget checks. Some contracts for products include a "milestone fee" that may be paid out when certain points are achieved.
Project milestones; In order for a project schedule to be healthy, the following criteria must be met: [7] The schedule must be constantly updated (weekly works best). The EAC (Estimation at Completion) value must be equal to the baseline value. The remaining effort must be appropriately distributed among team members (taking vacations into ...
S.M.A.R.T. (or SMART) is an acronym used as a mnemonic device to establish criteria for effective goal-setting and objective development. This framework is commonly applied in various fields, including project management, employee performance management, and personal development.
A phase-gate process (also referred to as a waterfall process) is a project management technique in which an initiative or project (e.g., new product development, software development, process improvement, business change) is divided into distinct stages or phases, separated by decision points (known as gates).
Pre-mortem : A pre-mortem, or premortem, is a managerial strategy in which a project team imagines that a project or organization has failed, and then works backward to determine what potentially could lead to the failure of the project or organization. PRINCE2 : PRINCE2 is a project management methodology. The planning, monitoring and control ...
Kanban (development) Kickoff meeting is the first meeting with the project team and with or without the client of the project. Operations research; Outline of project management; Postmortem documentation is a process used to identify the causes of a project failure, and how to prevent them in the future. Process architecture; Program management
The development team works closely with the client to analyze existing systems and workflows, determine technical feasibility, and define project milestones. Planning and design: Once the requirements are understood, the custom software development team proceeds to create a comprehensive project plan. This plan outlines the development roadmap ...
The project initiation documentation is a PRINCE2 [1] term representing the plan of approach in project management. It is assembled from a series of other documents, including the business case, the terms of reference, the communication plan, the risk register, the project tolerances, the project plan, and any specific project controls or inspections as part of a departmental quality plan or ...