Milestone (project management)

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Milestones are tools used in project management to mark specific points along a project timeline. These points may signal anchors such as a project start and end date, or a need for external review or input and budget checks. Some contracts for products include a "milestone fee" that may be paid out when certain points are achieved.

In many instances, milestones do not impact project duration. Instead, they focus on major progress points that must be reached to achieve success.^[1]