What is standard milestone in SAP PS - Project System?

SAP Term: standard milestone

• Component: PS

• Component Name: Project System

• Description: A milestone with limited functions. used as a template for creating milestones in the .

Smart SAP Assistant

• Key Concepts: 
  Standard Milestone is a type of milestone in the SAP Project System (PS) component. It is a predefined point in time that marks the completion of a certain task or phase of a project. It is used to track the progress of a project and to ensure that it is completed on time. 
  
  How to use it: 
  Standard Milestones can be created in the PS component by entering the milestone name, description, and date. The milestone can then be assigned to a project and tracked in the system. The progress of the project can be monitored by comparing the actual completion date with the planned completion date of the milestone. 
  
  Tips & Tricks: 
  It is important to set realistic milestones for each project and to ensure that they are achievable. This will help to ensure that projects are completed on time and within budget. It is also important to review milestones regularly to ensure that they are still relevant and achievable. 
  
  Related Information: 
  For more information about Standard Milestones, please refer to SAP Help documentation or contact your local SAP support team.