Project Management Tools for Risk Mitigation
Project Management for IT projects typically involves planning, resource allocation, facilitating team communication and a good deal of estimation. With planning and estimation also comes a certain amount of risk. One of the best ways to reduce risks is to plan for contingencies and allow sufficient time and budget in order to address any changes in plan. Some of these Project Management tools can be used to mitigate the risk by helping address issues before they occur and clarifying project objectives in order to prevent miscommunication between the stakeholders and the project team.