Projects should identify their main products (i.e. end products) to deliver the expected result. These main products are the outputs of the project. All intermediary steps/products are to be considered as deliverables. These notions are relative and project-related. A similar product (e.g. a feasibility study) could be an output in project X, and a deliverable in project Y. A way to help making the distinction is to analyse whether the delivery of a given product has a direct effect on the specific objective of the project. If the effect is not visible yet, then it is very likely that the given product would represent a deliverable in that project.