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RAG

RAG
Red, Amber, Green (status). A simple three colour "traffic-light" status used to give a summary overview of the status of a project, or all or some of its constituent parts.

Whilst the definition of Red, Amber, Green will vary according to the nature of a project, the following is provided as a guide:

Red Critical. A problem or issue which needs attention.
Amber Warning or non-critical problem. May need attention, or needs attention but not (yet) urgent.
Green Okay. No attention needed.