What does 'deliverable acceptance' entail?

The correct choice emphasizes the importance of 'deliverable acceptance' as a formal process involving the approval of project deliverables by stakeholders. This process is critical in project management because it ensures that the work completed meets the required standards and specifications before being officially accepted.

Deliverable acceptance verifies that what has been produced aligns with the initial requirements agreed upon by stakeholders, assuring them that the project outcomes fulfill their expectations. This step is vital for maintaining project quality and stakeholder satisfaction, as it provides a clear mechanism to confirm that deliverables are complete and satisfactory before moving on to subsequent phases or closing the project.

The other options, while relevant to project management, focus on different aspects. For instance, assessing project quality is part of the overall quality management process but does not specifically define the formal acceptance of deliverables. Similarly, scheduling milestones and reviewing project goals and objectives are important project management activities, but they do not directly relate to the notion of formally accepting project deliverables as defined in the correct answer.