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When preparing for the PMP Exam you will first come across objectives and milestones in your project charter. Here is some help in understanding them better, so that you can properly answer PMP Exam sample questions:

A Project Objective is the goal of a project; what is the project trying to accomplish and what are the parameters to do so? Objectives can be such measurable items as schedule, cost, quality, performance, stakeholder satisfaction, or whatever will be used to determine the project success. Some examples of project objectives are; the project will be or completed no later than March 2015, the budget for the project is $2M, the reject rate during production must remain less than 2%, this version of the software will run 25% faster than the prior version, and stakeholder satisfaction will be maintained at no less than 95%.