Project Milestones

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Contents

Abstract

Some studies have come to the conclusion that there is correlation between project planning and project success. [1]. In addition, according to the Project Management institute almost 40% of projects failures is due because of poor planning[2]. Due to that fact it is very important that project managers use good planning methods because planning is one of their responsibilities[1]. Project milestones is a project management tool that project managers find useful to identify important events in the life of the project[3]. So, project milestones help project managers to track deadlines and critical dates, see potential bottlenecks and see how time and resources are allocated. By using project milestones, it can also give more visibility to stakeholders so they can see better how the project is going as well as the project teams will have a better overview of what they are responsible for[4]. The focus in this article will be on explaining what project milestones are, how they can be used and how SMART goals can be used to make the project milestones more effective. In addition to that the article will discuss on how project milestones are applied as well as pinpointing advantages, disadvantages, and limitations of the tool.


Introduction

Application

Limitation

Annotated bibliography

References

  1. 1.0 1.1 Andersen, E. S. (2006). Milestone planning—a different planning approach. Paper presented at PMI® Global Congress 2006—Asia Pacific, Bangkok, Thailand. Newtown Square, PA: Project Management Institute.
  2. Moore, Kaleigh. n.d. The importance of project milestones (and why you need them). Accessed February 18, 2021. https://monday.com/blog/project-management/the-importance-of-project-milestones-and-why-you-need-them/.
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