Which of the following best describes the function of Verification and Validation (VV)?

The function of Verification and Validation (VV) is primarily focused on ensuring that solutions meet specified requirements. This process involves checking whether the product, service, or system fulfills the stated needs that were established during the requirements phase. Verification is about confirming that the output product is built correctly according to the requirements and design specifications, while validation is about confirming that the right product has been built for the intended use.

In this context, VV acts as a quality assurance mechanism. It helps organizations to ascertain that what they are delivering aligns correctly with what was originally required by the stakeholders. By doing so, it mitigates risks associated with delivering a product that does not satisfy customer expectations or operational needs. This function is essential to maintaining high standards of quality and meeting customer satisfaction in project outcomes.

The other options represent activities or focuses that, while relevant to project management, do not encapsulate the primary aim of Verification and Validation. For instance, identifying process defects focuses on shortcomings in operational processes rather than on the solution meeting requirements. Optimizing project performance pertains to broader project efficiency improvements without a specific emphasis on requirements compliance. Managing organizational standards refers to the adherence to established protocols and frameworks that guide overall project execution but does not directly relate to the VV process itself.