Milestone planning involves establishing predetermined checkpoints whereby management can determine whether further commitment of resources to the project is warranted. Checkpoints can be based on either time, cost, or deliverables. For example, checkpoints can be set at three month intervals at which time assessments will be performed to reconfirm the project. Gantt charts Gantt charts are a very common tool used to manage projects. Gantt charts are best utilized when projects are somewhat predictable and straightforward.
Gantt charts provide graphical representation of project tasks, progress and deadlines.
Gantt charts provide a description of tasks to be performed along with their start and completion dates. Gantt charts can be broken down into further levels of detail. For example, an item on a high-level Gantt chart might be testing. Another Gantt chart can be created that breaks testing into more detailed tasks related to testing. PERT charts PERT charts are another common project management tool.