What do project milestones in GFEBS symbolize?

Project milestones hold significant meaning in GFEBS as they represent key events or phases in the project timeline. Milestones serve as critical points of reference that allow project managers and stakeholders to assess progress, make informed decisions, and ensure that the project remains on track.

While minor tasks may be essential for project completion, they do not encapsulate the broader significance of milestones; instead, milestones mark substantial achievements or transitions, such as the completion of a project phase or a decision point, which are crucial for overall project management. Furthermore, while budget allocation is an integral part of project management, it is not the primary role of milestones. Lastly, designating milestones solely to project initiation overlooks their role throughout the entire project lifecycle, as they also signify pivotal moments beyond the starting point.