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A well-run organization should perform an evaluation, called a post-audit, of its investment projects before their completion.
Validity
The extent to which a test or procedure accurately measures what it is intended to measure.
Predictive Validity
The extent to which a score on a scale or test predicts future performance on a related outcome.
Content Validity
The extent to which a test measures all aspects of the concept it intends to assess, ensuring the test is representative of the subject matter.
Construct Validity
The extent to which a test or instrument measures the theoretical construct it is intended to measure.
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