Traq is a PHP and MySQL powered Project Tracker, you can easily track Milestones, Versions, Bugs, Feature Requests and see how far your project has come. $5/month
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Traq is a PHP powered project manager, capable of tracking issues for multiple projects and multiple milestones, there is also a project timeline which displays events about tickets milestones and more.
Traq is a free project management and issue tracking system that makes it easier and more reliable for developers and project managers to get things done correctly. The platform is coded primarily in PHP, which is a standard web language, so it will run well on just about any type of web server. This system has been around since 2009, and continues to get regular updates. They are actually developing Traq version 4.0 now, which will be a significant update to its current version.
For a free system, it has a lot of very good features that will make using it much more effective for both developers and project managers. It allows the project managers to set permissions for each project, rather than for each person. This makes it possible for one developer to have full rights on one project, but just partial rights on another, which is a great way of doing things. As a web-based system, it also allows people from all over the world to collaborate together to get high quality projects completed.