The RAG system is a simple traffic-light framework used in project management to communicate the overall health or status of a project at a glance. Red indicates a serious issue requiring immediate attention, Amber signals a potential risk or minor problem that needs monitoring, and Green means everything is on track and progressing as planned. It allows stakeholders to quickly assess project status without needing to review detailed reports.
In WeTrack, RAG status is used for risks, issues, and opportunities as well as projects and project components (task groups, tasks, and sub-tasks).
RAG ratings for Risks, Issues, and Opportunities are automatically calculated based on two factors:
- Impact: Scored 1–5, from Low to Extreme
- Likelihood: Scored 1–5, from Highly Unlikely to Highly Likely, with a sixth value reserved for confirmed Issues.
These scores are mapped against a customizable RAG matrix, where admin users can assign colors and descriptions to each Impact/Likelihood combination. See Customize the Risk RAG Matrix for more details.