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This is an excerpt from my book, Expert Test Manager, written with James Rommens and Leo van der Aalst. I hope it helps you think more clearly about the test strategies you use.
A test policy contains the mission and objectives of testing along with metrics and goals associated with the effectiveness, efficiency, and satisfaction with which we achieve those objectives. In short, the policy defines why we test. While it might also include some high-level description of the fundamental test process, in general the test policy does not talk about how we test.
The document that describes how we test is the test strategy. In the test strategy, the test group explains how the test policy will be implemented. This document should be a general description that spans multiple projects. While the test strategy can describe how testing is done for all projects, organizations might choose to have separate documents for various types of projects. For example, an organization might have a sequential lifecycle test strategy, an Agile test strategy, and a maintenance test strategy.
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