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Mile stone chart is an improvement over
1. Bar chart
2. CPM Scheduling
3. PERT scheduling
4. OPST scheduling

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Best answer
Correct Answer - Option 1 : Bar chart

Explanation:

Mile Stone chart:

  • It is a modification over the original Gantt chart (Bar Chart). MIlestone is key events of main activities represented by the bar. Therefore they give an idea about the completion of sub-activities.
  • Controlling can be better achieved with the help of milestone charts. But still, activity interrelationship and accountability of time uncertainty can not be depicted which can be overcome in-network technique. 

Work break down structure:

  • These are incremental and hierarchical the composition of the project phases. It is a tree-like structure and it shows the description of the job for completion of the project from top to bottom.
  • The main jobs are broken down into the number of small manageable units depending upon the size, time or efforts require for completion.

Bar chart (Gantt chart):

  • It is a pictorial chart.
  • It has two coordinate axes, the horizontal coordinate represents the elapsed time and the vertical coordinate represents the job or activity to be performed.
  • The beginning and end of each bar represent starting and finishing time of a particular activity respectively.
  • The length of bar shows the time required for completion.

Limitation of bar chart:

  • Lack of degree of detail.
  • A bar chart does not show the progress of work and hence it can not be used as a control device.
  • A bar chart is unable to depict the interdependencies of various activities clearly.
  • No provision to account for time uncertainties.
  • A bar chart can not distinguish between critical and non-critical activities and hence resource smoothening and resource levelling can not be done.

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