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What does it mean to "release" the project deliverables?

What does it mean to "release" the project deliverables, when does this happen, and why does this concept matter?
The term release is used to define when a project deliverable is complete and ready for delivery to the project customer, either internally (to manufacturing or operations, for example) or to an external company or individual. This is one of the final decisions of the project leadership—to determine whether…

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