What does the RAG status mean?
The RAG status is used in project management to indicate the status of projects in order to quickly identify if management action is required for a project. The values displayed in the RAG Status column are based on the project monitoring indicators Budget, Resource, and Time.
- : The project is likely to deliver late or over budget. This project requires immediate attention.
- : The project has missed some targets but the end date/budget is not at risk. This project should be closely monitored to ensure that it does not become at risk.
- : The project is on track.
Monitor your IT transformation and mitigate project failure. Look for all projects where the RAG status is Red to understand whether the issue is due to missed deadlines, insufficient resources, or overspending. Contact stakeholders and other responsible persons to correct the issue.