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 RAID Log Maintenance  RAID Log Maintenance   Risk Workshop   Risk Workshop

Naturally we need a status. Otherwise how would we know if we need to do something about the risk? Moreover, we need someway to tell people about the risks, to report them and see how well we are managing risks. So, let us see what the various statuses are and how we determine if they are established.
  1. Red
    • Likelihood of the risk occurring is High and impact will be High
  2. Amber
    • Likelihood of the risk occurring is High and the impact is either Medium or Low
    • Likelihood of the risk occurring is Medium and the impact is either High or Medium
    • Likelihood of the risk occurring is Low and the impact is High
  3. Green
    • Likelihood of the risk occurring is Medium and the impact is Low
    • Likelihood of the risk occurring is Low and the impact is either Medium or Low
All risks should be assigned a RAG status and RAG statuses recorded across time to evidence the organisations ability to manage risks and improve its management of risks.
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