Milestones are a way of knowing how your projects are advancing. They also symbolize an achievement or a point of time in a project. Now you can add milestones to your projects and phases in Precursive. You can also start tracking your recognised revenue based on the completion percentage of each milestone.
To start using milestones, please contact our support at firstname.lastname@example.org.
How does it work?
Milestones are configurable and can be set up both: on projects and phases. Also, their layouts can be customized so the screenshots from this article may differ with your organisation's setup. For example, depending on the configuration, milestones can have multiple details available on the layout, for example, Due Date, Status, % Completion, Forecast Revenue, Recognised Revenue, % Weighing.
To add a new milestone, navigate to the project or phase and click on the drop-down icon on the Milestone related list and select 'New'. Enter the milestone details and hit 'Save' or 'Save & New'.
To see the details of a milestone, simply click on its name. This will open the milestone page where you can view and edit the details and check the Budget Information page where you can track the Forecast vs Recognised Revenue.
If you want to forecast revenue on milestones, you will be also able to track the recognised revenue as this will be changing when you will be updating the % Completion of the milestone.
To edit or delete a milestone, click on the drop-down icon next to the milestone and select one of the options.
Once a milestone is completed, edit it and mark the 'Completed' checkbox. That will auto-populate the % Completion of the milestone to 100% and calculate the Recognised Revenue.