Project milestones are significant events or achievements that mark important progress points in a project. They are used to monitor the project’s progress at a summary level and help ensure that the project stays on track. Milestones can be charted to compare actual progress against planned progress, providing a clear overview of the project’s status.
For example, in a project, milestones are agreed upon at the outset of each engagement. These milestones, along with key deliverables, key performance indicators, and levels of reporting and documentation, are established to measure the success of the project.
Milestones should be built around delivery and encapsulate the important facts in a summary, preferably on one page. This approach ensures that the project director and other stakeholders can quickly understand what is working and what needs attention.
