The third time reviewing the national treasury expenditure records, the more I look at it, the more I think the word "milestone" is pretty mysterious: those who are actually doing the work, the money isn't spent perfectly but it matches the rhythm—development/auditing/operations are continuous, key points are explained before and after, even if delayed, they can clarify why.

I'm most worried about those where the treasury is like a buffet, first a wave of consulting fees + marketing fees, then milestones are written like a wish wall, anyway no one feels embarrassed to ask for details.

Recently, I've been discussing rate cut expectations, the dollar index, risk assets sometimes rise together and sometimes fall together, to be honest, I can't control how macro swings, but the project parties' spending can be checked.
My experience with raincoats: don't just look at how they paint the cake, watch how the treasury is bleeding.
If they can't even clearly explain "where the money went," then it's not far from "where I went (liquidation)."