Make them Attainable
Your milestones should ideally take no longer than a month to complete and you should be able to see a clear path to achieving that. Remember milestones aren’t goals.
When making milestones make sure it’s clear whose responsibility each will be to complete. Not assigning them to anyone can lead to people hoping someone else will handle that one.
Make your milestones specific. A vague milestone includes a vague idea of when it’s completed. Define exactly what is required for this to be completed.
Focus on Progressing through the Project
Before writing any milestones consider what would get you significantly further progressed through the project. Anything that doesn’t actually cause progression probably isn’t worth making a milestone.
Make them Measurable
If you can’t actually measure whether you are close to reaching it or not then making it a milestone was pointless.
Make them Significant
Your milestones shouldn’t be small parts of the project that don’t get you a significant way towards completion. Consider when building a house, getting the roof on is a better milestone than fitting windows on the left side.
Think about how long each milestone should take to complete without being too optimistic and note this down on a calendar. Use this to track your milestones progress in actual time rather than completed steps.
Think them Through
When you make your milestones think through exactly what steps should be taken to complete it. It’s more likely to be completed in good time if you have a clear plan and know exactly where to start.
Yes milestones should be significant but they should also be small enough to have a completion date in sight. Milestones too big can also be overwhelming which can lead to procrastination.
Easy to Understand
Don’t fill milestones with jargon and fancy words. They need to be as clear as possible to the people who need to complete them and when showing them to potential investors they might not understand obscure industry jargon or regional slang.