NOLUNDI TIYAProgramme Manager (Southern Africa Portfolio)| Old Mutual GroupCenturion, Gauteng, South Africa
I joined a company that has just developed a new project progress report template. There is a section to report on 5 major risks and issues. Both of these then have a RAG status drop down box which you can select the RAG status of with the risk or issue. When are the two Red Green or Amber. In my view, Issues tat have happened and have no action plan implemented are red, those that have occurred and are being managed well and there is a possible resolution are Amber, and those that have been resolved are green.
For Risks, risks with high impact that have no mitigation plan being implemented are Red, those that have medium impact and implementing the mitigation plan are Amber, and those that have been mitigated are Green.
When do you classify these as Green, Amber and Green in your companies or from experience? Saving Changes...
Jess De OcampoLean Six Sigma Professional/Project Manager/Consultant/| .Manila, Ncr, Philippines
Nolinda--you may reach out to your team/immediate supervisor about re-automating your risk and issue log using VBA/macros for any enhancements. It will make your life easier when it comes to tracking risks, reporting, etc. Saving Changes...
Shivaram Y.SDirector| Vivin SynergySharjah, Sharjah, United Arab Emirates
Template for Projects up to to $ 5 B : - Business Units, ID Ref, Type / Category / Cause - Effect / Description / Mitigation measure / Probability / Severity (in terms of impact) prior to taking actions and after taking actions / action owners / due dates / action descriptions / Risk Breakdown Structure and close out remarks - transfer to lessons learnt. Reports which can be sorted by multiplied scores of prob X severity ( 5 X 5 matrix) giving green to red color for corporate / project management attentions is what we use. Also use @Risk software from cost side. Saving Changes...
