How to use the RAG Status Template

Follow the below steps to start using the  RAG status Template

RAG status comes into picture when you track the status of the business project.

• RAG stands for Red Amber Green.
• Red- There is concerning situation which Demands immediate attention.
• Amber-We will get back on track and It could have been better but let me do some project management
• Green-We plan to deliver against what was agreed, nothing to worry
• RAG status is usually captured as part of a Status Report template, which can also include a list of key active risks and issues or what has been accomplished in the period and is planned for the next.
• Define the scope, Time, Cost, Resources, stakeholder Engagement, Benefits, and overall/delivery confidence of the project and divide them as per their status in RED,AMBER and Green section.