What defines a "deliverable" in project management?

A deliverable in project management refers to a specific, tangible outcome that is produced as a result of the project and that can be verified or assessed for acceptance. This definition is rooted in the context of contracts and agreements, where deliverables often represent key obligations that must be met during the course of the project.

When a deliverable is characterized as "verifiable," it means that it can be systematically checked for completion or quality against predefined criteria. This aspect is crucial because it ensures that all stakeholders have a clear understanding of what is expected and can agree on when the deliverable has been satisfactorily produced.

While other options describe various project elements, they do not align with the formal definition of a deliverable. For example, a product needing further development does not meet the standard of being complete or verifiable, a draft document lacks finality and approval, and a milestone merely marks a significant point in time rather than a tangible outcome. Therefore, understanding a deliverable as a verifiable product required by the contract emphasizes its importance in successful project execution and client satisfaction.