What is contained within the Traceability Matrix in an automation project?

The business requirements without any information regarding the test cases or the Go-Live phase.

The test cases and the Go-Live phase, without encapsulating the business requirements or the end-to-end process.

The end-to-end process and tracks the evolution of all the requirements, from the business ones to the test cases and the Go-Live phase.

The output of each individual deliverable, without keeping track of the evolution of the requirements.