milestone
Definition 1
General: Sub-objectives or stages into which a program or project is divided for monitoring and measurement of work performance.
Definition 2
Project management: Scheduled event that indicates the completion of a major deliverable event (or a set thereof) of a project. Milestones are measurable and observable and serve as progress markers (flags) but, by definition, are independent of time (have zero durations) therefore no work or consumption of resources is associated with them.
milestone is in the Planning & Scheduling and Project Management subjects.
milestone appears in the definitions of the following terms:
work package,
takeout commitment,
time phasing,
activity duration,
bonus,
tranche funding,
tactics,
program evaluation and review technique (PERT) chart,
takeout,
commerce event
and
milestone appears in the other term: milestone billing
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