1. Purpose
This policy establishes the framework for setting and achieving project milestones at Lilac Infotech. Its primary goal is to ensure the timely and cost-effective completion of all projects.
2. Scope
This policy applies to all software projects undertaken by Lilac Infotech.
3. Definitions
- Project Milestone: A key event or accomplishment within a project that signifies the completion of a significant phase or task.
4. Process
a. At the commencement of each project, the project manager will develop a detailed timeline incorporating all major milestones.
b. The proposed timeline will be reviewed and approved by the project team and relevant stakeholders.
c. Milestones will be regularly tracked and monitored to ensure adherence to the project schedule.
d. In the event of a missed milestone, the project manager will implement corrective measures to realign the project.
e. Upon achieving each milestone, the project manager will evaluate the outcomes and, if necessary, adjust the timeline to reflect any required changes.
5. Responsibilities
- Project Manager: Responsible for defining, tracking, and achieving project milestones.
- Project Team and Stakeholders: Responsible for reviewing and approving the project timeline.
6. Enforcement
Non-compliance with this policy may result in disciplinary actions, which could include termination of employment.
7. Review
This policy will be reviewed annually to ensure its relevance and alignment with current practices.