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A construction schedule serves as a fundamental tool in project management, specifically designed to outline project milestones and deadlines. This roadmap is crucial for ensuring that all team members are aware of their responsibilities and the timeline for each phase of the project. It details when specific tasks are set to begin and end, helping to create a clear sequence of activities that must be completed effectively to meet the overall project timeline.

By establishing these milestones, a construction schedule not only aids in tracking progress but also assists in resource allocation and preventing potential delays. Clear deadlines help ensure that everyone involved in the project understands the critical points required for successful completion, fostering accountability among team members.

The other choices, while related to aspects of project management, do not encapsulate the primary function of a construction schedule. Organizing team meetings, estimating costs, and tracking employee performance are all important components of project management, but they serve different purposes and are not the primary aim of a construction schedule.