Grade Notes: Definitions & Explanations PDF | Download eBooks
Study Grade lecture notes PDF with project management definitions and explanation to study What is Grade?. Study grade explanation with project management terms to review project management course for online MBA programs.
Grade Definition:
Grade is defined as a category assigned to deliverables having the same functional use but different technical characteristics.
A Guide to the Project Management Body of Knowledge by Project Management Institute
Grade Notes:
Grade is related to the categorization of products which are similar in function but possess different technical features. Grades can be standardized on four bases which include quality, size, quantity, and color. There are two types of grading processes; fixed grading (categorizing the products on the basis of an already set standard), and variable grading (sorting of products on the basis of different standards). There must be a trade-off between quality and grade. There are some situations in which a high quality product is of low grade. In this case, the customer's requirements will be fulfilled and the product will perform its intended function despite of having low grade. One the other hand, sometimes, products of high grades are of low quality. In this case, the requirements are not met and the products will not be appropriate to use.
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