This research article highlights a novel approach of scheduling risk which assures decrease in cost and increase in performance for the human resource management in Information and Communication Technology projects. The cost management can be considered as all the processes required to ensure that a project team completes their assignment within an approved budget. This research paper will focus on much bigger dimension of problem considering various distributed factors in project management where all the entities involved in the project will be considered for risk scheduling. The proposed article will provide support to dynamically changing environments in ICT and also support its complex heterogeneous environment which will enhance the cost effectiveness factor in bigger scale project involved in ICT.
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