What type of plan is developed to inform key stakeholders about the team's objectives and deliverables?

A Communication Plan is essential for informing key stakeholders about the team's objectives and deliverables. This type of plan outlines how information will be shared with stakeholders, ensuring they understand the project's goals, progress, and any important updates. It defines the frequency, methods of communication (such as meetings, reports, or emails), and the specific audience for each message, which is crucial for keeping everyone aligned and engaged throughout the project's lifecycle.

Creating a clearly defined Communication Plan supports transparency and helps to manage expectations among stakeholders, which can foster a collaborative environment. Additionally, when stakeholders are well-informed, they are more likely to be supportive of the team's efforts and to contribute positively to achieving the project's objectives.

Other types of plans, while important in their respective contexts, do not specifically focus on communication with stakeholders regarding objectives and deliverables. For instance, a Risk Management Plan deals with identifying, analyzing, and responding to risks; a Change Management Plan addresses the process necessary to manage changes effectively; and a Resource Allocation Plan focuses on how resources (time, people, money) are distributed to achieve project tasks. These elements are important, but they do not serve the primary purpose of communicating objectives and deliverables to stakeholders.