Milestones define the steps, or the plan, which an individual or an organization should strictly follow to be able to achieve a target or a set of goals.
Failure to follow the milestones could cause a slow-moving process. The ability to keep track of your milestones, either as an individual or business, is the key to success.
Milestones help in business tracking
When setting a plan it is important to consider the following parameters:
What are your short-term targets?
While planning your short-term targets, it is important to achieve them on time and without delay.
Setting proper short-term targets will help you to keep track of your urgent and immediate tasks or projects in place.
What are your long-term targets?
Similarly, your longer-term targets should have milestones in place.
Keeping track of your business or organization’s long-term future is the key to survival and profitability.
Can the plan be achieved on time?
Are the milestones feasible and achievable in the time frame set? If not, you should adjust accordingly and revert.
Is your plan close to reality or is it more of an imaginary scheme?
Each project or task, according to the nature of the business, must have an achievable time frame.
What is your backup plan if you run out of time?
In the worst case scenario, where you have run out of time, what will you do to recover?
What backup plan do you have? Are your short-term and long-term targets easily adjusted should it be needed?