A project manager exclusively uses a milestone chart for a status report, indicating that all key milestones to date have been met on time. Why is this method potentially insufficient for representing the project's true progress?
It does not account for the work progress between milestones or the resources expended to meet them.
Meeting milestones on schedule guarantees that the project is also on budget and within scope.
Stakeholders are primarily concerned with task-level details, not high-level milestones.
Milestone charts are only suitable for predictive projects and are not used in agile methodologies.
Relying solely on tracking the completion of milestones does not provide a comprehensive view of project progress. Milestones are significant checkpoints, but they do not show the work effort, resource consumption, or performance trends between these points. A project could be over budget or behind on various tasks but still meet a major milestone, potentially by taking on additional risks or sacrificing quality. Effective project progress tracking combines milestone reviews with other methods like Earned Value Management (EVM), trend analysis, and burndown/burnup charts to provide a complete and accurate picture of project health.
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