We’re excited to announce a brand-new feature in our value realization platform: Milestones! How to deal with project delays was identified as the one number concern in customer feedback, so we are now launching our solution. This addition takes your project planning and cost management to the next level, giving you even more control and clarity over your projects.
So, what are Milestones all about? Let’s break it down.
What are Milestones?
Put simply, Milestones are a way to set key checkpoints in your project timeline. Each milestone is tied to a specific date and comes with automatic cost management built right in. Here’s how it works:
🗓️ Define Your Milestones - set dates for important stages of your project.
💰 Cost Transitions - when a milestone date is reached, any existing costs tied to that stage will automatically stop, and any new costs will automatically kick in.
📊 Dynamic Impact Analysis - move milestone dates within the project to instantly see how changes affect overall returns and the cost of delays.
Why does this matter?
Let’s face it: projects rarely go exactly as planned. Deadlines shift, budgets flex, and priorities change. With Milestones, you’ll gain a powerful new way to adapt and optimize. Here’s how it helps:
🤔 Better Decision-Making - assess the financial impact of shifting timelines before committing to changes.
🎚️ Seamless Adjustments - say goodbye to manual recalculations; our platform does the heavy lifting for you.
🧐 Increased Visibility - understand the true Cost of Delay and make informed decisions to keep your project on track.
A real-world example
Imagine you’re leading a project with three key stages: Development, Testing, and Launch. Each stage has unique costs and timelines. Using Milestones, you can:
Set dates for when each stage is expected to begin and end.
Assign costs to each stage so they align with your budget.
Adjust milestone dates as needed to immediately see the impact of delays on the project’s overall returns and the cost of delay during each of the milestone phases.
With this feature, you’ll have the insights you need to weigh the trade-offs and keep your project driving toward maximum value.
Ready to try it out?
Milestones are live now and ready to supercharge your project planning. For existing customers just log in as normal and you will see Milestones as a new item in your top toolbar between Charts and Objectives, ready for you to start adding new Milestones today.
If you’re not a customer yet then reach out and schedule a demo today so that you can start planning smarter and getting better results!
Let us know what you think about Milestones—we’re always looking for feedback to make our platform even better for you.
