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Milestone Name
Associated Project
Teams Involved
Start Date
End Date
PM
ENG
Milestone Name
Associated Project
Teams Involved
Start Date
End Date
PM
ENG
1
Launch Alpha version
Launch Monetization Ecosystem
Customer Experience
8/31/21
9/15/21
2
Fix major bugs
Launch Monetization Ecosystem
Front End
9/15/21
9/30/21
3
Launch
Launch Monetization Ecosystem
Customer Experience
10/14/21
10/25/21
4
Finalize Speakers
Board Meeting
Operations
10/15/21
10/26/21
5
Launch
Board Meeting
Monetization/Strategy
10/27/21
10/28/21
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Running successful projects means sticking to a schedule and reaching the moments in a project’s lifecycle that are critical to reaching the end of the project. These moments, called milestones in project management, help you stay on track and reach the end of the project on time.
Suppose you’re not tracking these milestones or, worse, you don’t have important events defined. In that case, you run the risk of your projects wandering, missing critical moments, and not finishing on schedule.
We have a project milestone template that can help you identify the milestones in your projects, track them for your whole team in real-time, and meet your deadlines.
What is a project milestones template?
A project milestone template helps project managers track milestones. They define the key moments for each project to help paint a clear picture of where the project stands, what the important milestones are for each project, and what needs to be done to reach those milestones.
Project milestone templates can be used to give you a singular view of each project you’re managing. They can also be used to track milestones across all the projects you’re managing to provide a full view of where you are in the various projects you’re in charge of. This gives you a way to identify projects that need extra help or where bottlenecks exist.
Why it is important to define project milestones?
Project milestones represent moments when a project matures to the next project phase. It’s these moments where an idea becomes a minimum viable product (MVP), where your MVP becomes a multi-featured demo, where your demo becomes a fully usable product, and so on. Milestones are a key part of project planning.
There are many reasons to define milestones for all your projects.
Create a complete project outline.
It’s one thing to create a project outline based on the desired outcome and who’s working on your team. But when you add in milestones that define the key moments of your project, you get an outline that highlights the moments you need to reach to move to the next step in the project.
Not only does this help create accurate project plans, but it also helps you know who the key players will be during each stage of the project, ultimately leading to a clear project roadmap.
For example, if you’re building a product and you reach the milestone where the back-end has been completed, you know it’s time to bring in the front-end team. Similarly, if you’re managing a construction project, like building a house, you know the roofers won’t be needed until the exterior has been completed. This prevents you from bringing in teams before they’re needed, saving money.
Visualize project timeline.
Milestones also contribute to an accurate project timeline. Because the key moments are highlighted, you can create visual models of the timeline. A milestone timeline gives you a way to quickly check on projects.
Stick to a project schedule.
It’s hard to stick to a project schedule when you’re not sure whether you’re on track or not. Milestones help you set a pace that pushes you towards smaller goals (the milestones) in your project. Rather than look at the whole project as one piece, you end up with smaller pieces in chronological order. It’s easier to know you’re 78% of the way towards a milestone than it is to see that you’re 2% of the way through the entire project. You can use a project timeline template to help you fully develop the schedule for the project and streamline all project activities.
Inform all team members of key milestones.
Milestones give you a clear way of communicating the key moments to your team. By defining those moments using a project milestones template, you can let everyone on the project team know the project’s status.
Gain overview of project and task dependencies.
Milestones help you understand any task dependencies within a project, which also help you determine the
for the project (the shortest possible route through a project). Dependencies are sections of a project that require a previous task to be completed before you can move on. With clearly defined milestones, the dependencies become obvious and you can create a logical order for projects.
👉 Get started with this project milestones template.
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After you copy this template, you can start utilizing this free project milestones template for your projects and business.
How to set milestones with Coda's project milestones template.
table, add details like Project Name and Description. The Milestones column will be automatically be filled in once milestones related to your project are added.