Banton is defining his project deliverables. Which statement describes what a project deliverable is?
1) A project deliverable is a tangible or intangible output of a project that is produced to meet specific requirements or objectives.
2) A project deliverable is a document that outlines the scope, timeline, and budget of a project.
3) A project deliverable is a meeting or presentation where project progress is discussed.
4) A project deliverable is a software tool used to manage project tasks and resources.