What term describes the measurable successes or failures of a project?

Prepare for the WGU ITIM5530 C954 InfoTech Management Exam with focused study materials, including flashcards and multiple-choice questions. Each question offers hints and explanations to get you ready for success!

The term that best describes the measurable successes or failures of a project is tangible benefits. Tangible benefits are concrete outcomes that can be quantified and measured, such as increased revenue, reduced costs, or improved efficiency. These are objective metrics that can be analyzed statistically or financially, allowing project managers and stakeholders to assess the overall effectiveness of a project based on clear, numerical data.

This contrasts with intangible benefits, which are benefits that cannot be directly measured in monetary terms, such as employee satisfaction or brand reputation. While qualitative metrics are more about subjective assessments and descriptive feedback regarding project performance, cost analysis focuses primarily on the financial aspects, such as budgeting and expenses, rather than a holistic view of success or failure based on measurable outcomes. Thus, tangible benefits offer the most direct insight into project achievements in a quantifiable manner, making it the most suitable term in this context.

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