Ads
related to: what is a milestone in project management example
Search results
Results From The WOW.Com Content Network
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.
In project management, a schedule is a listing of a project's milestones, activities, and deliverables. Usually dependencies and resources are defined for each task, then start and finish dates are estimated from the resource allocation , budget , task duration , and scheduled events.
PERT network chart for a seven-month project with five milestones (10 through 50) and six activities (A through F).. The program evaluation and review technique (PERT) is a statistical tool used in project management, which was designed to analyze and represent the tasks involved in completing a given project.
A vertical slice from the components of a project. A vertical slice (VS) is a type of milestone, benchmark, or deadline, with emphasis on demonstrating progress across all components of a project. [citation needed] It may have originated in the video game industry. [citation needed]
In project management, a critical path is the sequence of project network activities that adds up to the longest overall duration, regardless of whether that longest duration has float or not. This determines the shortest time possible to complete the project.
In configuration management, the configuration of a project is not the same as a baseline in the project but the two could coincide. Fixed baselines often coincide with or signify project milestones, such as the set of items at a particular certifying review. [3] Some examples include:
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
In project planning, a slippage is the act of missing a deadline. It can be an arbitrary milestone put in place to help track progress. To avoid slippage, one must plan their projects (especially research) carefully to avoid delays in schedule. Using Gantt charts and timeline diagrams can help. [1]