What is RAG status?

RAG status — this is a method of visually displaying the status of a project or task using color coding:

• Red — serious issues requiring immediate attention, the project is behind schedule or over budget.
• Amber — there are risks or minor deviations that need to be monitored.
• Green — everything is on track, with no significant problems.

This approach helps quickly assess the project status and priorities for risk and resource management.