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WebMay 27, 2024 · RAG reporting is a very useful tool in giving stakeholders an assessment of the value of a project or programme. However, the real value is when you report an honest … The RAG acronym stands for Red, Amber, Green. These colors make up the traffic light colors coding scheme for categorizing project status. The project RAG status will either be Red, Amber or Green. These colors represent different types of management action required and are a shorthand for talking … See more A ‘Red’ project is one that is challenged for some reason. It could be over budget, running behind schedule or have uncontrolled scopechanges (or all three). There are underlying problems, even if on the surface work is … See more An ‘Amber’ project is one that may need management attention by the project team are managing within their existing powers and authority levels at the moment. This status means the project has missed some targets – … See more A project with the status of ‘Green’ is one that is progressing to plan. Green means there are no concerns for senior leadership to worry … See more The RAG rating for your project (so, the color that most closely represents your assessment of how the project is doing) is mainly used in reporting. On a project status report, the … See more thames barge model