The key in selecting the right tool for project management is to understand well that various tools are needed in each of the stages of the lifecycle of the project. During each of the phases of a particular project, business plans and milestone reviews are in the lead. The framework of the project, the initiation phase, and the justification of the business case are essential in a project. The control and execution phase, updating risk analysis needs a special tool.
The resources that are useful in the lifecycle of every project must have the necessary tools to maximize the function of each resource. One of the resources is the business plan. This revolves around the strategic areas of a project and allows the project manager to make intelligent decisions. Another resource is the business case justification. Businesses that are strong should be built carefully since it can lead to a conclusion of revealing the success and some risks from the end of the project. The project manager must know everything from the start of the business case. Other resources include the project charter, the overview of the framework of the project, the analysis of the risks, score cards, team building and software on Project Management.
Good plans for each phase of the project include time analysis and the distribution of tasks. During the analysis of risks, the project manager must not only focus on the risks that are technical. Choose the right team for the project along with the right and appropriate tools for each phase of the project.