Which of the following represents a project metric?

The term "project metric" refers to a quantitative measure used to assess various aspects of a project's performance, progress, and efficiency. In this context, budget allocated serves as a project metric because it provides a specific numerical value that indicates the amount of financial resources assigned to a project. This is crucial for tracking project performance against financial plans and assessing how well a project is adhering to its budget constraints.

Project metrics often focus on performance indicators that help project managers maintain control over project execution, enabling informed decision-making regarding resource allocation and financial management. By monitoring the budget allocated, project managers can identify potential overruns, ensure that funds are used effectively, and facilitate adjustments as necessary to keep the project on track.

Other options represent different financial or evaluative tools but do not directly serve as project metrics in the same straightforward way. Quality assurance ratings assess the quality of outputs but do not quantify budgetary performance. Total cost of ownership provides a comprehensive view of long-term costs associated with a project, and net present value is a financial evaluation method used for assessing the profitability of investments, rather than a real-time measure of project progress or resource allocation.