Final answer:
The expected output over the life of a project is categorized as a Deliverable, which includes various aspects such as product development budgets and design drawings, key to successful project implementation and refinement.
Step-by-step explanation:
Understanding Project Output Classification
The expected output over the life of a project would be classified as a Deliverable. A deliverable is any tangible or intangible product or result that must be produced to complete a project, or part of a project. Examples of deliverables include the budget for product development, which ensures financial planning is in place, and drawings used to design a product, which are essential for the engineering design process.
During the project, implementation might mean that a prototype is built to test the design. If the design meets the set constraints and criteria, it is then that the design is refined. These steps ensure the project remains Achievable and Relevant, and is completed in a Time-bound manner.