Q - Qualitative Risk Analysis to Quantitative Risk Analysis
Qualitative Risk Analysis
The process of prioritizing risks for subsequent further analysis or action by assessing and combining their probability of occurrence and impact.
(1) The degree to which a set of inherent characteristics fulfills
(2) The totality of features and characteristics of a product or service
that bear on its ability to satisfy stated or implied needs.
The process of monitoring specific project results to determine whether they comply with relevant quality standards, and
identifying ways to eliminate causes of unsatisfactory performance.
Quality Management Plan
The quality management plan describes how the project management team will implement the performing organization's quality policy. The quality management plan is a component or a subsidiary plan of the Project Management Plan. The quality management plan may be formal or informal, highly detailed, or broadly framed, based on the requirements of the project.