Risk Management Tools
Risk management is an essential element of good project management, yet is often not done well. The objective is to identify factors that could derail the project early in the process, allowing corrective action to be taken. PD-Trak’s risk management tool is a simple but effective solution that captures a list of common risk factors for new product development and technology development projects. The project manager reviews this list with the team at strategic points in the project timeline to assess risk and to development contingency/mitigation plans. Best practice-based Project Process Templates in the project management tool include pre-populated risk management tables with typical risk factors that may apply to the project.