What signifies the conclusion of modification rights in a project?

The conclusion of modification rights in a project is signified by the TECO status update, which stands for "Technical Completion." When a project reaches this status, it indicates that all activities related to the project have been completed, and no further modifications can be made. At this point, the project is recognized as functionally finished, and the focus shifts to finalizing any outstanding financial matters and project documentation.

TECO is a critical milestone in project management within the GFEBS framework, as it delineates the boundary for project adjustments and ensures that all stakeholders acknowledge the completion of project deliverables. Once the TECO status has been updated, no further changes can be made, effectively ending the modification rights for the project. This helps maintain a clear view of project outcomes and prevents any scope creep at the final stages.

The other options pertain to different phases or aspects of project management, but they do not specifically denote the termination of modification rights in the same manner as the TECO status update does.