Quality management involves the manner in which a project is initiated, planned, executed, monitored and controlled and closed. The Quality Management Plan defines the acceptable level of quality, which is typically defined by the customer, and describes how the project will ensure the required quality standards are delivered throughout the entire project life cycle. Describe the concept of Quality Management? What are the likely outcomes if quality management is not effectively applied at each stage of the project life cycle? How is the applicability of quality management different in Agile project management vs. the traditional approach?