What do milestones in a project indicate?

Milestones in a project serve as significant markers that represent critical elements or phases that must be completed to ensure the project adheres to its timeline and objectives. They are pivotal in tracking progress, helping project managers and teams identify which essential tasks have been accomplished and which are still pending. By focusing on these milestones, teams can better assess their performance, make necessary adjustments, and maintain momentum.

While costs incurred, task dependencies, and project completion are important aspects of project management, they do not encapsulate the essence of what milestones specifically indicate. Milestones often align with key deliverables, critical deadlines, or approvals needed during the project's lifecycle, thus highlighting their role in ensuring overall project success.