This article is from the Robert Jordan FAQ, by John S. Novak, III jsn@concentric.net with numerous contributions by others.
Parasha is a coordinated reread of the series for the purpose of
discussion, to pass the time between book releases. The word
'Parasha' is the Hebrew term for 'section' or 'portion' used to
denote the weekly reading of the Torah in Synagogue. It has been
adopted for this purpose as well. The Parasha reread had been
ongoing for over one year.
A link from the orginal coordinator:
http://hem.passagen.se/kjnoren/jordan/parasha.html
Current schedule (as of this writing) is at:
http://members.aol.com/_ht_a/jjvors/myhomepage/profile.html
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