What does Quality Management entail in the context of project management?

Quality Management in project management is centered around ensuring that a project meets the required standards and stakeholder expectations. It involves establishing specific quality standards for the project deliverables and consistently monitoring project outputs to ensure they conform to these standards. This process includes quality planning, quality assurance, and quality control activities aimed at making sure that the project outcome is both satisfactory and aligns with the project goals.

By focusing on establishing standards and monitoring outputs, project managers can identify any quality issues early in the process, enabling them to take corrective actions before the completion of the project. This proactive approach not only enhances customer satisfaction but also minimizes risks and reduces the likelihood of rework, ultimately contributing to the overall success of the project.

The other options address important aspects of project management but do not encapsulate the essence of Quality Management as closely as this choice does. For example, training project teams is crucial but is more related to resource management, whereas managing project costs pertains to financial management. Conducting stakeholder surveys may inform quality decisions, but they do not directly represent the practices involved in establishing and monitoring quality standards.