Which of the following best describes performance metrics?

Performance metrics are best understood as quantifiable measures used to assess the effectiveness of a solution. They provide objective data that can be analyzed for insights into how well a solution meets its intended goals and objectives. By focusing on numerical data, performance metrics allow stakeholders to gauge performance and make informed decisions based on measurable outcomes. This is crucial in business analysis, as it helps in evaluating success and identifying areas for improvement.

In contrast, qualitative assessments of project impact do not provide the same level of measurable data, focusing instead on subjective interpretations and opinions. Feedback surveys from team members, while valuable for understanding individual perspectives, do not provide the concrete, numerical data that performance metrics offer. Likewise, peer evaluations within a project team are also subjective and do not yield the standardized, quantifiable outcomes that performance metrics deliver. Therefore, the most accurate description of performance metrics aligns with the quantifiable nature of option B, which enables businesses to assess solution effectiveness in a clear and structured manner.