Finalisation
Finalisation refers to the act of bringing something to a conclusion or formal closure. It involves completing all required steps, obtaining approvals, and producing definitive documentation. The term is common in British English, with its American counterpart usually written as finalization. In many contexts the process marks a transition from planning or negotiation to execution and formal acceptance.
Legal and contractual contexts: Finalisation of an agreement or contract typically includes confirming terms, securing signatures,
Finance and accounting: In this domain, finalisation of accounts denotes closing the books for a reporting
Project management and product development: Finalisation occurs at the end of a project or development cycle,
Regulatory and quality assurance: Regulatory approvals, certifications, and conformity assessments reach finalisation when requirements are met
Process considerations: Effective finalisation relies on clear criteria for completion, version control, decision logs, and timely