Milestone (project management)
Major points in a project's timeline towards completion / From Wikipedia, the free encyclopedia
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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.
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In many instances, milestones do not impact project duration. Instead, they focus on major progress points that must be reached to achieve success.[1]