8. Develop a Project Stakeholder Management Plan. Read through the requirements of Sections 1 and 2 of your Project Portfolio as well as the necessary background project information and the relevant policies and procedures of the business (use the Simulation Pack if working with the case study). Based on your review you are required to develop a Stakeholder Management Plan for stakeholder engagement. Your Stakeholder Management Plan should: . Identify stakeholders relevant to the project and its objectives. Describe each of the stakeholders including their likely and differing interests in the project. You will be focusing on two major stakeholder groups but need to include information for other stakeholders also. Follow the guidance in your Project Portfolio. . Identify and describe suitable forms of engagement with stakeholders and based on their communication needs. Outline the knowledge management system you will use to capture team progress, insights and experiences (you can select one of your choice if using the Simulation) Include all team roles and responsibilities in relation to stakeholder engagement. Ensure a role is allocated to each of the team members consistent with their job role and the type of stakeholder engagement you identify. You are to develop this plan in Section 1 of your Project Portfolio