How to show the levels of risk, in a useful way, on a Project or Product Roadmap, so that it can be understood quickly.
Use a “Red, Amber, Green” approach – this is also known as “RAG Status”.
Show a key in your Roadmap Legend.
Label each Roadmap item (each project item within each work stream) with Red, Amber or Green.
Some professionals choose to use a “TBD” (to be decided) colour coding too, if an item has not yet been assessed.
RAG is an acronym that stands for “Red”, “Amber” and “Green”. Red is used for High Risk, Amber for Medium Risk, and Green for low risk. It is used due to it being familiar with traffic lights used in road traffic management.
Some examples of Risk levels on a Roadmap
Roadmap project item showing Risk Level within a Workstream
Short on time?
try one of these templates:
You need a Risk Log so that you can track and manage your project risk. How do you create one and then use a Risk Log?