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The original milestones were as markers used on public roads, and helped the travelers determine where they are and whether they are on schedule. Milestone in Project Management is used to signify Introduction pacific point during the lifecycle of the project. A point may be the start or finish of the project, or any other significant occurrence which the project deemed as valuable. Much like their original use, a Project Milestone helps the PM determine whether the project is on track.
Milestones make it easy for the PM to present the PvA (Plan vs Actual) to the key stakeholders and the team members in a simple graph / chart.
File Type: Excel
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