The purpose of a test completion criterion is to decide when can we claim that the testing is completed. Before putting an end to test process the product quality is measured against the test completion criteria.
The Exit criterion is connected to the test coverage, test case design technique adopted, risk level of the product varies from one test level to another.
Examples of test completion criteria -
1. A specified coverage has been achieved.
2. No Showstoppers or P1 defects.
3. There are very few known medium or low-priority defects that don't affect the usage of the product.