Milestones translate a large project into identifiable stages such as design, procurement, construction and commissioning. Each stage can have a different funding requirement.
Identify dependencies that could delay later work. Late equipment delivery or an unfinished permission process may create costs before progress resumes.
Review the funding schedule as milestones change. Clear communication helps distinguish a manageable timing adjustment from a more fundamental project problem.
Key takeaways
- Milestones translate a large project into identifiable stages such as design, procurement, construction and commissioning.
- Identify dependencies that could delay later work.
- Review the funding schedule as milestones change.
