In the context of monitoring, what does "cold review" refer to?

In the context of monitoring, a "cold review" refers specifically to an ongoing evaluation of compliance with established procedures and policies. This type of review is generally conducted after an event or period has concluded, rather than in the immediate or before-the-fact context of a hot review.

Cold reviews serve to assess whether teams or individuals adhered to the required processes and standards during their operations. They can involve analyzing documentation, processes, and results to ensure that everything was conducted in alignment with the organization's protocols and regulatory requirements. This helps in identifying areas for improvement and ensuring adherence to best practices.

The other options mention different contexts. For instance, a hot review implies a review conducted in real-time or prior to issuing an opinion, which serves a different purpose than the retrospective nature of a cold review. Accurate pricing strategies and rapid evaluations before signing contracts pertain to broader business management and operational aspects, which do not directly relate to the specific compliance and procedural assessment that cold reviews entail.