A project milestone is any significant point or event in a project. When integrated into the project schedule, milestones can have planned dates. This is helpful to gauge performance against the plan as the project progresses.
By signifying project work and performance with milestones, it allows the project team to focus and get a sense of momentum and progress. If managed well, project milestones can be something the entire project team – or even organization – can rally around.
Milestones depend on the type of project. Construction projects will have different milestones compared to product development projects for example. Project approval, requirements gathering, planning, hiring, resource allocation, training, testing, stakeholder signoffs, and deployment are all types of milestones.
Want to learn more about Project Management? See my Project MGMT publication for these 30 key PM topics:
Projects, lifecycle, management, manager, methodologies, the triangle, stakeholders, deliverable, team, charter, scope, budget, schedule, planning, baselining, milestones, dependencies, resources, risk, procurement, communication, ceremonies, integration, backlog, whiteboard, closure, software tools, office(r), code of ethics, body of knowledge
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