Step 4 – Action the plan
This step simply puts the planned activities into action, and may include:
Communicating with stakeholders and keeping them informed of matters that are likely to be of interest to them;
Obtaining information from stakeholders that will be relevant to the project;
Managing the expectations of stakeholders;
Involving stakeholders in all key decisions about the project;
Step 5 – Monitor the outcomes and take corrective actions
The purpose of this step is to periodically re-assess the position of each stakeholder to determine what further action (if any) is required to keep him or her committed and supportive of the project. This essentially requires a review of steps 1 to 4 to determine whether there are any new stakeholders, where they are positioned in terms of their commitment and influence and what action needs to be taken in relation to them. A similar review of existing stakeholders should also be conducted to determine whether any variations to the stakeholder management plan is required.