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A Gantt Chart is specifically designed to provide a timeline for project tasks and track progress. It visually represents the schedule of tasks or activities needed to complete a project by showing the start and finish dates of those tasks. Each task is typically represented by a bar on the chart, making it easy to see how tasks overlap and their duration relative to the overall project timeline.

This visualization is crucial in project management as it helps teams coordinate their efforts, identify dependencies between tasks, and monitor progress to ensure timely project completion. For instance, if a task is falling behind schedule, the Gantt Chart will highlight this issue, allowing project managers to take corrective actions promptly.

In contrast, other options focus on different aspects of project management or business operations. Financial projections pertain to budgeting and forecasting, customer feedback involves analysis of user opinions, and product specifications relate to the characteristics or features of a product, none of which align with the primary function of a Gantt Chart in project management.