The RAG acronym stands for RED, AMBER, GREEN. These colours make up the traffic light colours used by most project managers to convey their subjective view of a project’s status. A RED traffic light normally indicates there are problems on the project (or an aspect of it); AMBER indicates there are issues that are being dealt with by the team but acts as a warning, and GREEN generally indicates that everything is okay.
You have probably noticed that whenever you update items such as Health Indicators, Comments Risks and Issues in PPO, the “Action / Response” is cleared of the previous comments in that field. This can be frustrating to a user who maybe just forgot to update another field like the Risk Owner or Follow-up date when previously editing. This auto clear function is a setting that can be changed, but before making this change, the pros and cons of doing so should be weighed.
It is good practice for organisations to regularly think strategically about where they want to be, what they want the organisation to look like, and how they need to go about getting there. Traditionally, this process happened on an annual basis and was largely integrated with the annual financial planning process.
