Here you can see that an it_project_manager can create a milestone: https://docs.servicenow.com/bundle/washingtondc-it-business-management/page/product/project-management/task/t_CreateMilestones.html
Here you can see you can create it right-clicking on planning console: https://docs.servicenow.com/bundle/washingtondc-it-business-management/page/product/project-management/reference/r_PlanningConsoleTasks.html
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