Final answer:
Using the verification standard for system closeout ensures system compliance with specifications and functionality, provides quality assurance, prevents costly post-live fixes, and establishes an audit trail.
Step-by-step explanation:
The benefit of using the verification standard for system closeout is that it provides a structured process to ensure all aspects of the system meet the required specifications and functionality before it is considered complete. This systematic approach involves documentation, testing, and validation procedures that help to identify and rectify any issues, leading to a higher quality product.
Furthermore, it helps prevent costly redesigns or corrections after the system has gone live, which can be beneficial from a project management and financial perspective.
By adhering to the verification standard, stakeholders can be confident that the system has undergone rigorous checks and conforms to their expectations. This can also facilitate better maintenance and support throughout the system's lifecycle, as well as providing a clear audit trail for future reference or compliance purposes.