What Does Independent Verification and Validation (IV&V) Mean?
Independent verification and validation (IV&V) involves V&V done by a third party organization not involved in the development of the product. Thus, the product, such as a software, gets examined by third party. The main check performed is whether user requirements are met along side ensuring that the product is structurally sound and built to the required specifications.
Techopedia Explains Independent Verification and Validation (IV&V)
IV&V helps to find out discrepancies in the product quality and specifications helping product developers to build product, which meet all the user requirements. IV&V also ensures that developers are adhering to the regulations and budgets.