always a variance from specifications, but may be an attribute desired by the user of the product.
First Customer Ship
FCS is the period which signifies entry into the final phase of a project. At this point, the product is considered wholly complete and ready for purchase and usage by the customers.
Functional Freeze
A release reaches the Functionality Freeze milestone when the x-functional team gives the approval that the entry criteria for FF has been met. Development releases a build to QA for testing and verification against the entry criteria. All Must/Hopefully features to be included in the release will have been implemented and the functionality of each feature has been either presented in a meeting or documented.
revision
Third digit in a product number (dot dot release). A change in the revision happens whenever the shipping product rev. Product may be rev for a specific bug fix or to fix some port related issues.(e.g. 2.1.3 to 2.1.4) No new functionality is added in a revision release. Revision releases are not proactively shipped to customers on support.
References:
Testers home SQATesters
Software QA/Test Resource Center
Introducing Software Testing by Louise Tamres
Effective Methods for Software Testing by William E Perry
The Contents and Definations are taken from reliable sources and the links are also provided for them as reference