Final answer:
The statement is false; key points in a project are known as milestones, not lodestones.
Step-by-step explanation:
The statement that key points in a project, such as when a major activity or phase should be completed, are referred to as lodestones is false. These key points are actually referred to as milestones. A milestone marks a significant point or event in a project, program, or portfolio and is used to monitor the project's progress. Unlike a lodestone, which is a naturally magnetized piece of the mineral magnetite and historically was used in navigation, a project milestone signifies the completion of a major deliverable or a set of related activities within a project.