One of the most common and simple mechanisms to report on the performance and status projects is by using RAG indicators. RAG is an acronym that stands for Red, Amber, and Green. Track status of your project using a single indicator.
Format - Excel
Excel RAG project status template indicates-
- Red – Houston, we have a problem! There is a concerning situation which demands immediate attention
- Amber – It could have been better but let me do some project management and we’ll get back on track soon
- Green – So far, so good, nothing to worry about, we plan to deliver against what was agreed