The one thing you should never do with a strategic plan is to put it away in a bottom draw and forget about it until the next time it needs to be revamped. There is a real risk of this considering that strategic plans are set for a period of 3-5 years.
A strategic plan should be reviewed by management on regular basis so that:
Strategic plans should NOT be considered as unchangeable for their stated period. There is every probability that the strategic plan will need amending from time to time for reasons such as:
The organisation's management should therefore review the strategic plan on a quarterly basis by measuring the extent to which key performance indicators have been achieved. A short report (perhaps one page) that tables progress made, can be presented to the management committee or board to faciltate the process.
If the existing plan becomes unworkable in any significant way, a new plan should be formulated. It may not be necessary to go through all the steps taken to prepare the existing plan, simply that goals, objectives and strategies need to be amended or removed.