Question

A milestone is a typical measuring point used when establishing cost control. Which of the following does NOT accurately describes the use of cost control milestones? ​
a. Project managers can use their cash flow projections to determine the funding needed to reach each milestone.
b. Project managers and sponsors often decide the number of milestones jointly.
c. Milestones are often identified in the project charter.
d. Milestones are developed during risk planning.

Answer 1

The option statement "Milestones are developed during risk planning" does not accurately describes the use of cost control milestones.

Answer: Option D

Explanation:

Project management can be daunting task if not planned and overseen from initiation to its accomplishment. One has to employ many tools for project management and one of the important tools is milestones planning. It helps to mark important anchors or key points on the timeline of the project.

The no. of milestones are usually decided by the sponsors and managers and they are often identified in project charter. Cash flow projections help the manager to decide the funds that’s are required to accomplish each milestone.