A Project Status Meeting is used to confirm progress on a project or initiative and to maintain project momentum.

It is very common for a project status to be reported by RAG.  RAG being the acronym for Red, Amber, Green.  The basic principle is:

• Green = project is on track
• Amber = some issues, being managed, needs to be closely monitored
• Red = serious issues, dates being missed, recovery plan required

This simple approach makes it very easy for the projects at risk or in trouble to be identified and action taken.

The RAG reporting definitions and criteria need to be clearly communicated

An example would be as below

Dimension	RAG Status	Guidelines
Schedule	Green	Schedule on Target
	Amber	Likely to be delays
	Red	Delayed
Scope	Green	In Line
	Amber	Likely to be changes
	Red	Significant changes
Cost	Green	On Target
	Amber	Likely to be overrun
	Red	Cost overrun
Benefits	Green	On Target
	Amber	Likely to be reduction
	Red	Benefits reduced

Open PowerPoint



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Step 15: Preview Slide



Scope of Usage

• Can be used by Portfolio, Program and Project Managers to communicate Project status
• Can be used as a progressive tracker and a handy business metaphor for every workstream