MANAGEMENT

Detailed explanation-1: -Otherwise known as RAG. The RAG status is a traffic light symbolizing the status of a project and tasks. Red meaning attention is required right away. Amber is more of warning. And, green is good to proceed.

Detailed explanation-2: -So, in project parlance Red is a warning that cannot be ignored (the project has serious issues) Amber is a warning (the project has some issues), Green (the project is on track with no serious issues).

Detailed explanation-3: -RAG (Red-Amber-Green) ratings, also known as ‘traffic lighting, ’ are used to summarise indicator values, where green denotes a ‘favourable’ value, red an ‘unfavourable’ value and amber a ‘neutral’ value.

Detailed explanation-4: -What does a RAG status mean? In project management RAG-or red, amber, green-statuses act as a KPI traffic light: red is an alert, amber (or yellow) signals caution, and green means you’re in the clear.