How important are the contractual milestones in relation to an EVM System?
Contractual milestones must be included in the Contract Master Schedule and identified in the Work Breakdown Structure Dictionary. Contractual milestones are, in part, intended to incentivise you to meet particular requirements by a specified agreed date. The requirement for EVM does not negate the importance of milestones but provides additional information on progress for the whole program. This also enables a project office to identify where scope for a particular milestone may be getting progressed at the expense of scope for other critical path items.
