What role do 'milestones' serve in the business case framework?

Milestones play a crucial role in the business case framework by marking significant points of progress throughout the life of a project. They serve as key indicators that allow stakeholders to assess where the project currently stands in relation to its planned timeline and objectives. By establishing these points, milestones facilitate effective monitoring and control, enabling the project team to identify achievements, delays, or challenges. This helps in making informed decisions regarding resource allocation, project adjustments, and overall direction.

In the context of project management, milestones often signify the completion of critical phases or deliverables, enabling stakeholders to celebrate achievements and stay motivated. They also provide an opportunity for reflection and reassessment of project goals and strategies, ensuring that the project remains aligned with its intended outcomes. Overall, by marking these significant points, milestones contribute to better project management and increase the likelihood of project success.