Product Milestones

Product Milestones refer to significant events or checkpoints in the development and lifecycle of a product. These milestones serve as critical markers that indicate progress towards the completion of a project or the achievement of specific goals. They can include phases such as initial concept approval, prototype development, product testing, launch readiness, and market release. Each milestone typically has associated deliverables, timelines, and performance criteria that must be met. Tracking product milestones is essential for project management, as they help teams assess progress, allocate resources effectively, and ensure that the product development stays on schedule. By reaching these milestones, organizations can evaluate their strategic objectives and make informed decisions about future actions in the product development process.