What is the part of the scope statement that defines the features and functions of the project outcome?

The correct choice focuses on the product scope, which specifically outlines the features and functions of the project's outcome. This definition is crucial in setting clear expectations for what the project is intended to achieve. By detailing these features, stakeholders can understand the tangible results and benefits they can anticipate upon project completion.

Product scope encompasses both the work required to deliver a product, service, or result, along with the associated features and functionalities that characterize it. It serves as a reference point to ensure all project members are aligned on the intended outcomes. In this regard, it lays a foundation for project planning, execution, and evaluation by clearly defining what is included in the project and helping to avoid scope creep by ensuring all parties have a mutual understanding of the core project goals.

While other options like project deliverables pertain to the actual outcomes or outputs of the project, they do not directly address the specific features and functions themselves. The task schedule focuses on timelines and sequencing of activities, and outcome specification may include broader objectives but lacks the specificity of product scope. Thus, focusing on the distinct definition of features and expected functionalities makes product scope the correct answer.