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Solution-processed colloidal quantum dot (CQD) solar cells are lightweight, flexible, inexpensive, and can be spray-coated on various substrates. However, their power conversion efficiency is still insufficient for commercial applications. To further boost CQD solar cell efficiency, researchers need to better understand and control how charge carriers and excitons transport in CQD thin films, i.e., the CQD solar cell electrical parameters including carrier lifetime, diffusion length, diffusivity, mobility, drift length, trap state density, and doping density. These parameters play key roles in determining CQD thin film thickness and surface passivation ligands in CQD solar cell fabrication processes. To characterize these CQD solar cell parameters, researchers have mostly used transient techniques, such as short-circuit current/open-circuit voltage decay, photoconductance decay, and time-resolved photoluminescence. These transient techniques based on the time-dependent excess carrier density decay generally exhibit an exponential profile, but they differ in the signal collection physics and can only be used in some particular scenarios. Furthermore, photovoltaic characterization techniques are moving from contact to non-contact, from steady-state to dynamic, and from small-spot testing to large-area imaging; what are the challenges, limitations, and prospects? To answer these questions, this Tutorial, in the context of CQD thin film and solar cell characterization, looks at trends in characterization technique development by comparing various conventional techniques in meeting research and/or industrial demands. For a good physical understanding of material properties, the basic physics of CQD materials and devices are reviewed first, followed by a detailed discussion of various characterization techniques and their suitability for CQD photovoltaic devices.