Risk Mitigation Tool
Risk management is an essential best practice to ensure your program is delivered on time, within cost, and meets the needs of your customer. It is a structured approach that involves identifying, assessing and prioritizing risks; putting together a mitigation action plan; and tracking and reporting progress against all risks that reach beyond and across projects.
Risk Mitigation Tool (RMT) is based on RiskNavĀ® by MITRE Corporation to facilitate the risk management process by providing for structured risk data collection via a collaborative web-based tool. Some of the features of RMT include:
- Graphical and tabular visualization of risks
- Mathematical models consistent with accepted standards
- Allows for tailoring of each project's risk calculations
- A proven technical approach that has been extensively field tested
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