Milestone Chart. A Milestone Chart focuses on planned significant events scheduled to occur at specific times in the program. Such events could be the initiation or completion of a particularly important or critical activity, equipment deliveries, reviews, or approval dates.

What is a milestone and examples?

Milestones can be observed and defined and often lay the foundation to monitor progress. Some examples of milestones include: high priority tasks, checkpoints and deliverables. They can also include obtaining funding and patents, producing prototypes and press releases, hiring staff and signing contracts.

What does milestone mean in a Gantt chart?

As the name implies, milestones are markers in the project’s schedule signifying important events or goals. On a Gantt chart, they are called Gantt chart milestones. Gantt chart milestones are an excellent way to estimate how long certain phases of a project should take.