The Red, Amber, Green (RAG) system is a method to rate Tasks and Risks in an intuitive way that allows for comparison across different parts of your event or projects.
There are 4 colours for Risks and Issues in WeTrack. RAGs for both are indicated by coloured triangles, with Issues being differentiated by a number inside the triangle to indicate their impact score. Risk and Issue RAG ratings are calculated automatically depending on the impact and likelihood settings chosen when the Risk is created by a user (see below matrix for guide to this automatic calculation).
Red: Red Risks and Issues are those that should be addressed first. These Risks or Issues have both a high probability of occurring and a high potential impact on the Project.
Amber: Amber Risks have a medium impact on the Project. They might have a high impact but a small chance of occurring, or vice versa, or somewhere in between.
Green: Green Risks are those that are unlikely to present a significant threat to the Project but are, nevertheless, important enough to be raised and logged for Users to see.
Blue: Blue Risks are those that have been closed. They may have been closed because they are resolved, no longer relevant or are simply a duplication of another Risk in the system.
The below matrix shows how impact and likelihood settings result in a certain Risk RAG rating. For example, if a Risk is considered to have minor impact but is highly likely to occur, it will be allocated an Amber RAG. If that same Risk had a 100% likelihood of occurring, it becomes an Issue, and would then have the number 2 in its RAG triangle to show that it is an Issue with minor impact.