What Does FAR Stand For?
FAR stands for Final Acceptance Review
FAR, or Final Acceptance Review, is a critical assessment conducted at the conclusion of a project or product development cycle. This process ensures that all project requirements have been met, deliverables are complete, and stakeholder expectations are satisfied. The FAR typically involves a comprehensive evaluation of the project's outcomes against predefined criteria, facilitating formal approval and acceptance by the client or governing body. It serves as a key milestone for transitioning the project into operational status or closing it out effectively.
Added on 14th April 2008 | Last edited on 16th June 2025 | Edit Acronym