Which term refers to the measurable objectives of a project?

The term that refers to the measurable objectives of a project is Key Performance Indicators (KPIs). KPIs are specific metrics that help gauge the success and performance of a project against its objectives. They provide a quantifiable means to assess whether the project is on track to meet its goals for efficiency, effectiveness, and overall success.

KPIs can vary widely depending on the nature of the project but generally include quantitative targets, such as completion rates, budgets, timelines, and quality standards. The use of KPIs allows project managers and stakeholders to monitor progress, make informed decisions, and adjust strategies as necessary to improve outcomes.

Other terms such as governance, risk assessment, and strategy analysis serve different purposes within project management. Governance refers to the frameworks and processes that ensure the project aligns with organizational policies and regulations. Risk assessment involves identifying and analyzing potential risks that could impact the project. Strategy analysis focuses on evaluating business strategies and aligning project objectives with broader organizational goals. These concepts are crucial in project management but do not specifically pertain to the measurable objectives used to track a project’s progress.