We are independent & ad-supported. We may earn a commission for purchases made through our links.
Advertiser Disclosure
Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.
How We Make Money
We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently of our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.

What Is a Completion Test?

Malcolm Tatum
Updated Jan 27, 2024
Our promise to you
WiseGeek is dedicated to creating trustworthy, high-quality content that always prioritizes transparency, integrity, and inclusivity above all else. Our ensure that our content creation and review process includes rigorous fact-checking, evidence-based, and continual updates to ensure accuracy and reliability.

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

Editorial Standards

At WiseGeek, we are committed to creating content that you can trust. Our editorial process is designed to ensure that every piece of content we publish is accurate, reliable, and informative.

Our team of experienced writers and editors follows a strict set of guidelines to ensure the highest quality content. We conduct thorough research, fact-check all information, and rely on credible sources to back up our claims. Our content is reviewed by subject-matter experts to ensure accuracy and clarity.

We believe in transparency and maintain editorial independence from our advertisers. Our team does not receive direct compensation from advertisers, allowing us to create unbiased content that prioritizes your interests.

A completion test is a type of evaluation process that seeks to determine if a given project is truly a success. This is usually accomplished by identifying specific criteria that the project must meet in order to reach the define goals for the effort. When the results of the test indicate that the project is not in compliance with the stated goals and aims outlined at the beginning of the effort, there is a good chance that the project will either be reworked extensively or even abandoned in favor of a project that shows more promise.

One of the first phases of the completion test is to determine how well the project has met the specifications for the original structuring and launch. While some specifics of the structure may be refined during the forward movement of the project, the idea is to make sure that, over time, the original focus has not been lost. If the design is found to still be relevant to those original goals, then the first phase is considered successfully completed and further evaluation of the project can commence.

After confirming the design specifications are in order, the next phase of the compliance test will often focus on the level of performance achieved by the project. This involves ascertaining if each cycle within the process of the project is producing the desired results. For example, if the project involves the successful production of 1,000 widgets each eight-hour period of a business day and the production is actually at 1,200 widgets per eight-hour period, then the project is not only in compliance but is exceeding expectations.

One other key element of the completion test is to determine if the cash flow anticipated from the project is living up to the original goals. At this juncture, the idea is to determine whether or not the project is progressing toward or has already reached a point of generating the anticipated returns envisioned at the onset of the effort. This means that if the goal was to be selling 30,000 widgets per month after the project had been in operation for five months, and the current sales volume is at 31,000 units for that fifth month, then the results of the completion test indicate the project is truly successful and is worthy of continuing as is. Assuming that the completion test indicates that the project has been successful, the launch can be considered complete and the funding for the effort can move from recourse or temporary financing to permanent or non-recourse financing.

WiseGeek is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.
Malcolm Tatum
By Malcolm Tatum
Malcolm Tatum, a former teleconferencing industry professional, followed his passion for trivia, research, and writing to become a full-time freelance writer. He has contributed articles to a variety of print and online publications, including WiseGeek, and his work has also been featured in poetry collections, devotional anthologies, and newspapers. When not writing, Malcolm enjoys collecting vinyl records, following minor league baseball, and cycling.
Discussion Comments
Malcolm Tatum
Malcolm Tatum
Malcolm Tatum, a former teleconferencing industry professional, followed his passion for trivia, research, and writing...
Learn more
WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.

WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.