00:02 With an amazing project plan like this. 00:04 It's unlikely you'll miss any details. 00:07 You've done all the work and thought of everything. 00:11 But imagine a project stakeholder wants to know the progress of your project. So they take a look at the project plan and are faced with 1000 rows of tasks, all with their own status. 00:23 They will near on have a heart attack. 00:25 No way could they pinpoint any problems or see their impact quickly enough. 00:30 We know senior managers do not have a lot of time. 00:33 For this reason, we have the milestone table where all information is brought to a high level. 00:40 With this, we can see key actions, deliverables and project milestones. 00:45 The main stages of the project are written out as a reference point to check that the project is moving along as planned. 00:52 A reason why having the critical path chart alongside is also a practical idea. 00:56 So how about we show you what a milestone table could look like? Note that we said milestones. 01:10 Milestones, as the name suggests, are important achievements throughout the project. They are marked with a zero duration on the milestone table. 01:18 You can see here. 01:20 Main construction completed. 01:22 Personnel preparation completed. 01:25 Grand opening. 01:27 These are some of the laboratory project milestones. 01:31 Awesome. We have officially covered everything a project manager will need when scheduling their project. 01:39 So to recap. 01:41 A project manager starts by creating a work breakdown structure, separating the project into workstreams deliverables and work packages, and then assigns owners to said packages. 01:53 This translates nicely into an activity list but has little to no sequence. 01:58 So the project manager works out all the dependencies and with that identifies the critical path. 02:05 Awesome. Now the project manager can use the Gantt-Chart to time the execution of tasks around the critical path. 02:13 After all, this is in order. 02:15 The Project Manager will create the low level project plan and the high level milestone table. 02:21 So this leaves the project manager with a project plan that tells them exactly what's going on and the Gantt-Chart and milestone table. 02:28 Ah, so anyone can follow the progress of the project. 02:31 Excellent. This brings us to the end of our timelines. 02:34 Part of this course. 02:35 Now is the time we move on to budgeting. 02:38 We are about to see how a project manager controls costs and gets what they need in the most effective way. 02:44 See you next lesson.
The lecture Milestone Tables by 365 Careers is from the course Project Phase: Planning (EN).
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