Which statement best describes the nature of the Project Management Plan?
A document outlining only the high-level aspects of key project deliverables and a summary of the key project milestones and their timeline.
A formal, approved document that defines how the project is executed, monitored, and controlled, integrating all subsidiary plans and baselines.
A static document which, once created, remains unchanged for the duration of the project to ensure that original planning outcomes are met.
A living document that is frequently updated with informal agreements by stakeholders on project objectives and deliverables.