Milestones in gantt-chart in Power BI

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Is it possible to create a milestone on a specifik date?

Or do you just use the milestones in this gantt-chart when the project starts and ends..?

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yes, It possible to create a milestone on specific dates.

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Can I name that milestone in any way? If I have an activity with several milestones, it would be great to be able to name them M1, M2, M3 and so on. Is that possible?

You can populate the Milestone and its name data field which will automatically show the milestone name in the chart.