Milestones refer to predefined, significant events or checkpoints in the Project that indicate progress towards completing the Project. - These milestones are often tied to specific deliverables, such as a completed feature, a working prototype, or the final product. - Milestones serve several purposes: Project Management: They help both the development team and the client track progress, identify potential issues, and ensure the project is on schedule. By dividing the project into smaller, manageable phases, milestones make it easier to plan and allocate resources effectively. Accountability: Clearly defined milestones provide a basis for evaluating the performance of the team. They allow the client to assess whether the team is meeting expectations and delivering on their commitments. Payment Structure: Milestones are often used as triggers for payment. Upon the successful completion and approval of a milestone, the client releases a pre-agreed portion of the total payment to the provider. This approach helps mitigate risks for both parties and ensures that payments are tied to demonstrable progress. Client Involvement: By incorporating regular reviews and approvals into the milestone process, clients have the opportunity to provide feedback and request changes as needed. This collaborative approach helps ensure that the final product aligns with the client's vision and requirements.