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Within the framework of project management, a milestone is an event that receives special attention. It is often put at the end of a stage to mark the completion of a work package or phase. Milestones can be put before the end of a phase so that corrective actions can be taken, if problems arise, and the deliverable can be completed on time.

In addition to signaling the completion of a key deliverable, a milestone may also signify an important decision or the derivation of a critical piece of information, which outlines or affects the future of a project. In this sense, a milestone not only signifies distance traveled (key stages in a project) but also indicates direction of travel since key decisions made at milestones may alter the route through the project plan.

In military acquisition or procurement, the United States created specific terms for the point at which approval is made regarding starting or continuing an acquisition to the next phase. Milestones established by DOD Instruction 5000.2 are 'Milestone A' for Technology Development, 'Milestone B' for System Development and Demonstration, and 'Milestone C' for Production and Deployment. Program schedules would also have milestones (lower case) reflecting major events in the system development life cycle (such as System Requirements Review), key items (such as documents needed for a Request for Proposal), items of external approval, and project-specific points of accomplishment.

Within the framework of project management, a milestone is an event that receives special attention. It is often put at the end of a stage to mark the completion of a work package or phase. Milestones can be put before the end of a phase so that corrective actions can be taken, if problems arise, and the deliverable can be completed on time.

In addition to signaling the completion of a key deliverable, a milestone may also signify an important decision or the derivation of a critical piece of information, which outlines or affects the future of a project. In this sense, a milestone not only signifies distance traveled (key stages in a project) but also indicates direction of travel since key decisions made at milestones may alter the route through the project plan.

In military acquisition or procurement, the United States created specific terms for the point at which approval is made regarding starting or continuing an acquisition to the next phase. Milestones established by DOD Instruction 5000.2 are 'Milestone A' for Technology Development, 'Milestone B' for System Development and Demonstration, and 'Milestone C' for Production and Deployment. Program schedules would also have milestones (lower case) reflecting major events in the system development life cycle (such as System Requirements Review), key items (such as documents needed for a Request for Proposal), items of external approval, and project-specific points of accomplishment.

 

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