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Compare & contrast Gantt Charts with Milestone Charts from the stakeholder perspective

Definition of Milestones?

A project milestone is a way to observe, measure and monitor the progress and/or performance of a project. Milestones in general exist as intermediate stages that must be fulfilled before reaching a final goal or objective. In terms of their usefulness, milestones can be defined and provide a foundation from which to monitor progress. They can also serve as proof for explaining and reporting the status of a project. A Milestone Chart focuses on planned significant events scheduled to occur at specific times in the program. Such events could be the initiation or completion of a particularly important or critical activity, equipment deliveries, reviews, or approval dates. The Milestone Plan focuses on the deadline to complete something or achieve a specific goal.

A Gantt chart is a graphical depiction of a project schedule. It is a type of bar chart that shows the start and finish dates of several elements of a project that include resources, milestones, tasks, and dependencies. Purpose was to apply scientific analysis to all facets of the work being done as a means of increasing productivity. Gantt charts have two main components.

Gantt Charts focuses more on what to do to complete a project.

- Horizontal axis - it is designed to represent the total time of the period. This schedule shows when each activity begins, how long it lasts, and when it ends.

- Vertical axis - designed to represent all project-related tasks.

What is the difference between a Gantt chart and a milestone chart?

A milestone chart is used to depict key events along a timescale graphically. Gantt charts are used to project the relation between the task and the time associated with it.