Which document outlines the planned approach for managing risks in an organization?

The Risk Management Plan is the document that outlines the planned approach for managing risks within an organization. This plan details the processes and procedures to identify, assess, and mitigate risks that could potentially affect the organization’s assets, operations, or reputation. It specifies risk management strategies, roles and responsibilities, and outlines how risks will be monitored and reviewed over time.

A Security Policy, while related, primarily focuses on establishing the rules and guidelines for maintaining security within an organization but does not specifically address the overall strategy for managing risk. An Incident Response Plan is focused on the procedures for responding to security incidents after they occur, rather than on the proactive management of risks themselves. Lastly, a Business Continuity Plan serves to ensure that critical business functions can continue during and after a disaster or disruptive event, but it does not specifically lay out the complete risk management strategies that an organization needs to implement across all potential risks.