What is milestone in SAP SV-CLM - SAP Cloud Application Lifecycle Management?

SAP Term: milestone

• Component: SV-CLM

• Component Name: SAP Cloud Application Lifecycle Management

• Description: SAP Cloud ALM A specific goal or date within a project. When customers reach a milestone they switch to a new phase.

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• Key Concepts:
  A milestone is a point in time or a specific event in the lifecycle of a project or product. In SAP Cloud Application Lifecycle Management (SV-CLM), milestones are used to track the progress of a project or product and to ensure that all tasks are completed on time. Milestones can be used to define the start and end dates of a project, as well as to track the progress of individual tasks.
  
  How to use it:
  In SV-CLM, milestones can be created and managed in the Milestones tab. Milestones can be created for any project or product, and they can be assigned to specific tasks or activities. Milestones can also be used to set deadlines for tasks and activities, as well as to track progress.
  
  Tips & Tricks:
  When creating milestones in SV-CLM, it is important to ensure that they are clearly defined and that they are linked to specific tasks or activities. It is also important to ensure that milestones are updated regularly so that progress can be tracked accurately.
  
  Related Information:
  SV-CLM also provides tools for managing projects and products, such as the Project Planner and Product Planner. These tools can be used in conjunction with milestones to ensure that projects and products are completed on time and within budget.