Project milestones and deliverables are two important concepts in business. A project milestone is a major event or accomplishment that marks the successful completion of a project phase. Milestones are usually used to denote the completion of a task or the end of a phase in the project. They are used as a means of tracking progress and to identify when the project is on track. Milestones can be used to measure the completion of a project and to identify when it is time to move onto the next phase.
Deliverables are the outputs from a project that are used to meet the requirements of the project. Deliverables may include things like reports, documents, presentations, or even physical products. They are tangible evidence of the project’s progress and often help with the assessment and review of a project. Deliverables can also be used to identify areas for improvement within the project.