What does the risk management plan document?

The risk management plan primarily documents the identification and management of potential risk events that could impact a project or organization. This plan outlines the processes and procedures for identifying risks, assessing their potential impact, and implementing strategies to mitigate them.

By focusing on risk events, the plan helps to ensure that risks are proactively managed instead of reactively dealt with after they materialize. This involves detailing the methods for continually monitoring risks, assigning responsibility for managing them, and defining the criteria for risk acceptance. Specifically, this documentation is essential to minimize uncertainties and prepare the organization to handle unforeseen events effectively.

While project timelines, resource allocation strategies, and stakeholder communication are vital components of project management, they do not encompass the specificity and function that the risk management plan serves in a project or operational context. The emphasis on risk within the correct answer reveals a targeted approach toward safeguarding the project's objectives against potential disruptions.