Which term describes a detailed assessment of a project's performance?

The term that describes a detailed assessment of a project's performance is project evaluation. This process involves analyzing various metrics and indicators to determine how well a project is meeting its objectives, including schedule, budget, quality, and stakeholder satisfaction. Project evaluation is essential for understanding the effectiveness of project execution and identifying areas for improvement.

This assessment typically occurs at various points throughout the project lifecycle and can culminate in a formal evaluation at the project's conclusion. It helps stakeholders make informed decisions regarding future projects or ongoing project adjustments.

In contrast, a project charter is a document that formally authorizes a project and outlines its objectives and scope but does not assess the project’s performance. Risk management focuses on identifying, analyzing, and responding to risks throughout the project lifecycle rather than evaluating performance outcomes. A scope statement defines the boundaries and deliverables of a project but does not serve the purpose of assessing project performance. Thus, project evaluation is the most appropriate term for describing a comprehensive assessment of how well a project is performing.