What are Assessment Milestones?
A milestone is an event held to review the status and assess the performance of a program or project. PROJECTRx® uses Work Breakdown Structures (WBSs) consisting of phases, assessment areas, activities, and IOTTs (i.e. inputs, outputs, tools & techniques) for a logical sub-division of project milestones. WBS Milestones and Assessment Milestones are created based upon WBS Life Cycle components, and offer significant flexibility relative to scope and content. WBS Milestones are the basis for defining assessment scope. PROJECTRx® utilizes an integrated three-pronged milestone approach (i.e. tollgate reviews, ongoing progress, and periodic validation). Validation is a process by which the effectiveness of the project’s procedures and controls are periodically evaluated along with delivery results and expectations. This process can be formal (i.e. like Sarbanes-Oxley) or be informal. Milestones are used to collect, analyze, and report assessment findings and results. Earned value management
