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It is the practical companion to a parenting plan: the day-to-day agreements two households need once the decree is signed, how school and medical information gets shared, how expenses are split and reimbursed, how schedule changes are requested, and how the two of you communicate.
No. A Utah parenting plan is a court document filed with your case, setting legal custody, physical custody, and parent-time. A family management plan is not filed and is not enforced by a court; it is the working agreement that keeps the parenting plan from being tested every week.
It does not have to be either. Most co-parents keep it as a shared reference. If a term matters enough that you would want a court to enforce it, it belongs in the parenting plan or the decree instead.
Yes, and you should expect to. Unlike a decree, which requires a formal modification and a substantial change in circumstances, a family management plan is yours to revise whenever the arrangement stops fitting, as children change schools, ages, or activities.