Very nicely explained

Quote Originally Posted by skiran19 View Post
It defines the Series/Process of steps followed by the time a bug is found, fixed and closed.

The Steps followed are:-

1. As soon as the bug is found it entered into the defect tracking system and assigned the status as "NEW".

2. Once its been analyzed and accepted as a geneuine- defect, the status is changed to "OPEN". If the bug is found to be invalid the status is changed to "REJECT".

3. Its then assigned to a developer status changes to "ASSIGNED TO".

4. Once its fixed by the developer status changes to "Fixed Ready to test".

5. Tester then Re-test the fix and if fix works fine, he/she set the status to "Closed".

6. In some cases, if the bug is a major fix then it is postponed to the future releases in that case the status is changed to "Deffered" an consider for future release.