What occurs when the customer accepts the final deliverable of a project?

When a customer accepts the final deliverable of a project, it typically signifies that the project has met its objectives and requirements as specified in the project scope. This acceptance is a formal acknowledgment that the work has been completed to the satisfaction of the customer. Following this acceptance, the project moves into the closure phase, where final documentation is completed, lessons learned are collected, and resources are released. This formal closing process is essential to ensure that the project is concluded appropriately and all contractual obligations are satisfied.

The other choices represent incorrect scenarios related to project finalization. Transitioning to an execution phase or entering a review and concluding phase implies that there is still work or assessment to be done, which contradicts the concept of acceptance. Putting the project on hold would indicate that the project is suspended, which is not the case once a final deliverable has been accepted. Thus, accepting the final deliverable directly correlates with the closure of the project.