Which of the following best defines the term 'deliverables' in project management?

The term 'deliverables' in project management is best defined as tangible or intangible products or services produced as a result of project execution. Deliverables represent the outcomes or outputs that a project is expected to achieve, which can include anything from a completed report, software application, or developed prototype (tangible) to services such as consultations or training sessions (intangible).

In project management, deliverables are critical as they are often used to determine the success of the project. They are aligned with the project's objectives and scope, ensuring that all stakeholders are clear about what the project will produce. Each deliverable typically comes with specific acceptance criteria and is often tied to project milestones, helping to track progress.

Milestones in project scheduling, while related, do not fully encompass the definition of deliverables, as milestones mark points of progress rather than produce outcomes. Tasks assigned to team members are actions contributing to achieving deliverables but do not define what is being produced. Financial resources allocated for a project pertain to budgeting and funding rather than the actual outputs of the project. Hence, the best definition of 'deliverables' as outcomes of project execution is the correct choice.