CompTIA Project+ Practice Test 2025 - Free Project+ Practice Questions and Study Guide

Key performance indicators (KPIs) are critical metrics used to evaluate the success and performance of a project relative to its objectives. They provide a quantifiable measure that can be analyzed to determine whether the project is on track, behind schedule, or has surpassed expectations. KPIs facilitate informed decision-making by enabling project managers to assess progress in key areas such as time, cost, quality, and scope.

In the context of project management, KPIs might include measures such as the schedule variance, budget adherence, quality metrics, and stakeholder satisfaction. By using these metrics, project managers can adjust strategies and resources dynamically to improve outcomes and ensure that project objectives are met effectively.

The other options describe aspects of project management but do not encapsulate the concept of KPIs. Allocating resources is crucial for project planning, while tasks completed relate to the project schedule. Documenting financial expenses tracks costs but does not measure overall project performance against objectives. Thus, understanding KPIs is essential for developing a comprehensive measurement framework in project management.