Definitions "Q" Flashcards
Qualitative Risk Analysis
An examination and prioritization of the risks based on their probability of occurring and their impact on the project if they do not occur. Qualitative risk analysis guides the risk reaction process.
Quality Assurance (QA)
A process in which the overall project performance is evaluated to ensure the project meets the relevant quality standards.
Quality Audit
A process used to confirm that the quality process are performing correctly on the current project. The quality audit determines how to make things better for the project and other projects within the organization. Quality audits measure the projects ability to maintain the expected level of quality.
Quality Control (QC)
An inspection-driven process in which the work results are monitored to see if they meet relevant quality standards.
Quality Management Plan
Document that describes how the project manager and the project team will fulfill the quality policy. In an ISO 9000 environment, the quality management plan is referred to as the project quality system.
Quality Policy
The formal policy an organization follows to achieve a preset standard of quality. The quality policy of the organization may follow a formal approach, such as ISO 9000, Six Sigma, or total quality management (TQM), or it may have its own direction and approach. The project team should either adapt the quality policy of the organization to guide the project implementation or create its own policy if one does not exist within the performing organization.
Quantitative Risk Analysis
A numerical assessment of the probability and impact of the identified risks. Quantitative risk analysis also creates and overall risk score for the project.
Quote (or Quotation)
A document from the seller to the buyer in response to the buyers request for quote (RFQ). Quotes are used when price is the determining factor in the decision-making process.
