What are the steps for RAG system?

Question

Accepted Answer

RAG system is a project management tool used to track risks, assumptions, and issues.

Identify and document risks, assumptions, and issues related to the project.
Assign a RAG status (Red, Amber, Green) to each item based on severity and impact.
Regularly review and update the RAG status of each item as the project progresses.
Use the RAG system to prioritize and address high-risk items first.
Communicate the RAG status to stakeholders to keep them informed.
Examples: Red - Critical risk that requires immediate attention, Amber - Moderate risk that needs monitoring, Green - Low risk that is under control.

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