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Process > Time Management > LCO Milestone
The Lifecycle Objectives (LCO) Milestone is a moment when the Specification, Budget, and the Schedule are ready and presented to you for approval.
At this point, you examine the Lifecycle Objectives of the project, and decide either to proceed or to cancel it.
If the project is approved at this moment, we continue to work.
If project is not approved for any reason, project is closed and you pay only the Retainer for the work done on Specification development.
Citation from our software development contract: LCO Milestone (lifecycle objectives) is a Milestone defined for Alpha-Specification, meaning the date when Beta-Specification should be created.
Last update on Jul 19, 2010