Verification and validation are independent procedures that are used together for checking that a product, service, or system meets requirements and specifications and that it fulfills its intended purpose. These are critical components of a quality management system such as ISO 9000. The words "verification" and "validation" are sometimes preceded with "independent", indicating that the verification and validation is to be performed by a disinterested third party. "Independent verification and validation" can be abbreviated as "IV&V".
In practice, the usage of these terms varies. Sometimes they are even used interchangeably.
The PMBOK guide, a standard adopted by IEEE, defines them as follows in its 4th edition: