Milestones (tppss2101m000)

Use this session to maintain milestones. A milestone is an activity with a leading period of zero.

 

Project

The project code and description.

Project Status

The current project's status.

Plan

The code and description of the plan.

Milestone
Milestone Details
Description

The milestone description.

Search Key

An alternative form of a description used for convenience during searching. Typically, it is an abbreviation, an acronym, or a mnemonic alternative to a full description.

Parent Activity

The code of the parent activity to which an activity is linked.

A tree activity structure is formed when you link an activity to a parent activity. When you select the parent activity, you must consider the following criteria:

  • The parent of a WBS element is always a WBS element, unless the element is from the top of the activity-structure.
  • The parent of a control account is always a WBS element, unless the control account is the top of the activity-structure.
  • The parent of a planning package is a control account or a planning package. If you do not use an organizational breakdown-structure, the parent of the planning package is either a WBS element, or a planning package that forms the top of the activity-structure.
  • The parent of the work package can be a work package, a planning package or a control account. If you do not use an organizational breakdown-structure, the work package can have a WBS element, a planning package or a work package as a parent. Alternatively, the work package can form the top of the activity-structure.
Linked Activity

If the EVM of an activity is defined as Milestone, the milestone must in turn be linked to the activity. This lets you define the exact moment at which the specific earned budget-amount is released.

Customized Item

The customized item (from the PCS project) linked to the milestone.

The link makes it possible to detect the completion of any given manufactured item (in the bill of material) in your project scheduling.

Scheduling
Scheduled Date

The date and time at which the milestone is scheduled. You can enter it manually or it can be saved from a particular schedule in the external scheduling package.

Milestone Reached

If this check box is selected, the milestone has been reached.

You can define the milestone as completed, in the following ways:

  • Manually in this session
  • From the progress entered in the external scheduling package
  • If the milestone is linked to a customized item, and you have run the Check Customized Item Completed (tppss2203m000) session to find that the customized item is completed.
Milestone Percentage

The percentage earned when the defined milestone is reached, based on the Earned Value Method of the type, Milestone. This method is linked to the activity, and a percentage or amount of the budget is assigned to each milestone. Each time a milestone is reached, the assigned budget is released.

Note

This field is enabled only when the Activity Type is set to Milestone. The sum of all the milestone Percentages linked to the activity must be 100%.

Actual Date

The date and time at which the milestone is reached. You can enter it manually or it can be saved from a particular schedule in the external scheduling package.

Revenues
Extension

The specific agreements within or in addition to the initial contract. An extension falls outside the initial contract with the sold-to business partner. Extensions can be assigned to the bottom-up budget.

LN distinguishes four extension types:

  • Scope Change
  • Provisional Amount
  • Fluctuation Settlement
  • Quantities to be Settled
Currency

The currency of the milestone amount.

Note

This field is enabled only when the linked extension or the project has the Revenue Recognition Method field set to Milestones in the Projects (tppdm6100m000) and Extension (tpptc0110s000) session.

Milestone Amount

The amount linked to the milestone. This amount is considered when calculating revenue recognition. For more details refer to, Milestone Method.

Note

This field is enabled only when the linked extension or the project has the Revenue Recognition Method field set to Milestones in the Projects (tppdm6100m000) and Extension (tpptc0110s000) session.

Currency

The home currency.

Note

This field is enabled only when the linked extension or the project has the Revenue Recognition Method field set to Milestones in the Projects (tppdm6100m000) and Extension (tpptc0110s000) session.

Amount in Home Currency

The amount in home currency.

Note

This field is enabled only when the linked extension or the project has the Revenue Recognition Method field set to Milestones in the Projects (tppdm6100m000) and Extension (tpptc0110s000) session.

Text

If this check box is selected, a text is present.