Components of RAID Log

Risks:

Under this component, project managers list out all the uncertain events that might affect the project’s execution or workflow. It contains all the information about the project risks such as the scope of the risks, their impact, risk owners, likelihood, implications, risk appetite, etc. It also contains the status report and the timeline information about the risks. An example of Risk information is shown below:

The risks Component of the RAID Log highlights the potential risks that may cause a problem in project workflow

Actions:

Actions are the various strategies, plans, or activities in the project lifecycle. It covers the task distribution among the different members of the team in a Project. With this, each member becomes aware of the risks and tasks to resolve them. Hence, all members take responsibility for managing the project. For example, actions can be mentioned in the RAID Log as shown below:

RAID Log’s Action component describes the sequence of actions and activities to be taken during the project execution

Issues:

Issues are those events or conditions that have already occurred and they may lead a potential problems in the project’s execution. Hence, this component informs us about the issues, their source, the actions to mitigate them, targets and timelines, etc. In this way, current problems are also taken into consideration along with future risks. An example of Issues in the RAID Log is depicted below:

The issues Component highlights the problems that already have occurred and need to be resolved using some actions

Decisions:

Decisions are the plans or actions that are taken to make the project in a moving phase. It lists the decision statement, its justification, the person who is responsible for the decision, and the date when the decision was taken. Hence, this gives us information about the dependencies of the Project. Decisions RAID Log can be mentioned as shown below:

What is RAID Log in project management?

Project Management involves various activities and tasks to accomplish software product development. Those multiple activities give rise to a lot of risks and issues for project completion which becomes a great challenge. Therefore, project professionals need a robust approach to tackle those challenges through log monitoring and reporting. RAID is such a project management tool, that accelerates this process of identification and resolution of risks and issues associated with a project. In this article, we will learn about the RAID log, its benefits, and its examples so that you can easily implement it for your project.

Table of Content

What is RAID Log?
Components of RAID Log
Advantages of RAID Log
Disadvantages of RAID Log
Examples of RAID Log
Conclusion