What is meant by quality assurance?
Quality assurance can be defined as “part of quality management focused on providing confidence that quality requirements will be fulfilled.” The confidence provided by quality assurance is twofold—internally to management and externally to customers, government agencies, regulators, certifiers, and third parties.
What are quality assurance activities?
Quality assurance (QA) activities are those actions the project team takes to inspect quality requirements, audit the results of control measurements and analyze quality performance in order to ensure that appropriate quality standards and procedures are appropriately implemented within the project.
What is project management techniques?
Traditional project management techniques are the most common within the industry. A project manager monitors and assesses the way the project is completed. They provide feedback and instruction to their team based on the desired outcome of the project that was discussed in the initial planning stages.
What are the techniques of risk management?
The basic methods for risk management—avoidance, retention, sharing, transferring, and loss prevention and reduction—can apply to all facets of an individual’s life and can pay off in the long run.
What are the four risk management techniques?
Once risks have been identified and assessed, all techniques to manage the risk fall into one or more of these four major categories:
- Avoidance (eliminate, withdraw from or not become involved)
- Reduction (optimize – mitigate)
- Sharing (transfer – outsource or insure)
- Retention (accept and budget)
What are the objectives of risk management?
Objectives of Risk Management
- Identifies and Evaluates Risk. Risk management identifies and analysis various risk associated with business.
- Reduce and Eliminate Harmful Threats.
- Supports Efficient use of Resources.
- Better Communication of Risk within Organisation.
- Reassures Stakeholders.
- Support Continuity of Organisation.