A milestone is a typical measuring point used when establishing cost control. Which of the following does NOT accurately describes the use of cost control milestones?

Question $4$ options:

$1)$

Project managers can use their cash flow projections to determine the funding needed to reach each milestone.

$2)$

Project managers and sponsors often decide the number of milestones jointly.

$3)$

Milestones are often identified in the project charter.

$4)$

Milestones are developed during risk planning.