Triage is portion in the practical software engineering process right before a product ships, whereby you decide which bugs and issues should be fixed, and how they should be fixed. (It obviously derives it's meaning from the medical use of the term.) In many places, it is also called War Room. Triage is responsible for a lot of sins in any given product. In the frenzy to meet a ship date, lots of quality can be sacrificed. It is the dark side of shipping on a schedule. They do however serve their purpose of keeping a group on task in the heat of the frey, and to put out any fires that come up.

It all just depends on your style of management.