What does the term "deliverable" refer to in a project management context?

In a project management context, the term "deliverable" specifically refers to a tangible or intangible item that is produced as a result of a project phase or process. This could encompass a wide range of outputs, such as reports, products, prototypes, or software modules, which are essential for demonstrating progress and fulfilling project requirements. They often serve as key indicators of project advancement and are critical in formalizing the completion and approval of various project stages.

Deliverables typically have defined criteria and specifications that need to be met to ensure they fulfill their intended purpose. They are crucial for stakeholder communication, providing evidence that certain project objectives or milestones have been achieved. In essence, deliverables are integral to project planning and execution, as they enable project teams to track progress and assess performance against goals.