Though many other tools can provide similar information, the milestone chart is the easiest to show the project status and progress.īefore discussing the milestone chart, let’s understand the project milestones. In project management, project milestones serve the same purpose. Because of the signpost, we are aware of our location. A project milestone helps project managers track their progress and determine how close they are to finishing the project.įor example, while driving, we frequently see signs that tell us how many miles are left till we reach our destination.