Apart from resource availability, resource continuity should also be taken into account. They are all about threat. That being said, Id contend that developing a RAID log is worth the extra effort. For instance, are the project owners likely to change their minds? A RAID log is a list where you record the risks, assumptions, issues, and dependencies on a project. A RAID log is a simple but powerful tool for managing the delivery of work. Each risk will have an associated probability of occurrence along with an impact on your project if it does materialize. The actions, whatever they are, need to be charted. It allows project managers to track risks, assumptions, issues and dependencies, making it a useful document in regular project meetings and when conducting audits. Impact describes how large the impact on the project will be if this risk materializes, and likelihood describes how likely a risk is to materialize. . RAID Log: Risks Sheet. This means that a project manager cannot hold a stakeholder liable for an issue that he did not agree to in the first place. Most questions you might get from a stakeholder are going to be answered in the RAID log, which means less running around trying to figure things out. It is a core application for any business or team and provides the basis for tracking performance improvement actions, collaborating . if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'expertprogrammanagement_com-box-4','ezslot_3',619,'0','0'])};__ez_fad_position('div-gpt-ad-expertprogrammanagement_com-box-4-0');A risk is any specific event which might occur and thus have a negative impact on your project or program. If a team member needs to discuss an issue with the right stakeholder, the RAID log can point them to the right person. Unlike assumptions, constraints are forced upon you, for example, you will only have access to one software engineer for this project, or that the budget under no circumstances can overrun. Owned - A member of the team takes ownership of the item as it was not resolved in the meeting. Create a Risk Response Plan. Risk: A guy is threatening to smack me in the face. Not only does it document who owns what, but it also serves as a high-level overview of the projects process. ; Issues: Events that have Already occurred that affect or may affect the Project. The difference is that a RAID log is more comprehensive. The term was coined by David Patterson, Garth A. Gibson, and Randy Katz at the University of California, Berkeley in 1987. In addition to documenting risks, a RAID log also includes assumptions or actions, an issues log, and dependencies or decisions. As you can see, a RAID log is merely a method for keeping all this information organized and easily managed during the project. I see a few comments already saying that RAID is Risks, Actions, Issues and Decisions. Assumptions if its a long-term project that requires a lot of forethought. You can adapt the log to meet the specifications and scope of your project, whether you're working on a . RAID logs benefit stakeholders, project team members, the business, and you as the project manager. Free for teams up to 15, For effectively planning and managing team projects, For managing large initiatives and improving cross-team collaboration, For organizations that need additional security, control, and support, Discover best practices, watch webinars, get insights, Get lots of tips, tricks, and advice to get the most from Asana, Sign up for interactive courses and webinars to learn Asana, Discover the latest Asana product and company news, Connect with and learn from Asana customers around the world, Need help? A RAID log is typically a single Excel document with multiple tabs. Read on to learn more about the RAID log in managing projects. Task lists, schedules, file sharing, comms, analytics & reporting these tools do it all. If I was offered administration to centralise then I'd certainly aim to centralise since sorting by due date would offer greater control. The dependencies section of a RAID log highlights: Its important to always document the assumptions that come up in the course of a project. How to implement a RAID log. Dropdown menus are provided for risk probability, impact and status, and for the status of actions, issues and decisions. Getting a good understanding of the dependencies helps to identify and solve problems in their early stages. When using the template, once you enter the impact and likelihood then the corresponding Score and Risk Level cells will becalculated automatically by the RAID spreadsheet and automatically populated. It is an important component of the organisation's risk management framework. 3. Project managers also need to assess whether the organizations they work in are fluid. Another version combines them to form a RAAIDD log. Thats called risk or issue management. Probability or likelihood of the risks occurring, A distinct and sequential indicator for easy referencing, Specification of whether the dependency is inbound or outbound, The specific date when the dependency will be delivered, The parties that consent to the dependency. RAID Register - Manage your corporate Risks, Actions, Insights and Decisions in one secure platform, NaN out of 5. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'expertprogrammanagement_com-leader-4','ezslot_12',646,'0','0'])};__ez_fad_position('div-gpt-ad-expertprogrammanagement_com-leader-4-0');Im sure youre all familiar with Risks, Assumptions, Issues, and Dependencies, but may not have come across the acronym RAID before, which can serve as an aide-memoireto give appropriate attention to each area. T-Card - Simple process improvements that do not require advanced problem solving expertise. As we all know, every project has its risks, and a certain amount of them will turn into full-blown issues. Risk Register is a Log file which works as a master database of all the risks ever captured and other related information like Qualitative Analysis, Quantitative Analysis and risk response planned . Copyright 2009-2018 Expert Program Management. These are all of the final thoughts and ideas that push a project into fruition. If your team uses an iterative process like kaizen, this documentation can be helpful for making improvements for future projects. In addition to tracking changes and increasing visibility, you can use this log during a post-mortem meeting to figure out how to prevent similar issues and challenges in future projects. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'expertprogrammanagement_com-leader-2','ezslot_9',644,'0','0'])};__ez_fad_position('div-gpt-ad-expertprogrammanagement_com-leader-2-0');Finally, lets take a look at the dependencies sheet. With a RAID log, your decision-making is more consistent. The RAID log is helpful for quick line items, but this tool shouldnt be your sole form of project management. The stakeholders consulted when coming up with the assumptions. Risk Value (Calculated Column): = [Probability Rating]* [Impact Rating] A mitigation plan should be put in for all risks - especially those of high impact or likelihood. Create and document new risks as the project progresses. Agreeing on the level of detail is an important distinction for your team to maintain their RAID log. Doing so helps to prevent miscommunication and potential conflicts. For instance, consider an industry where technological innovations happen rapidly and occur frequently. The Last Updated and Next Update columns allow us to keep track of key dates pertaining to each dependency. #CD4848, You can also add proximity to your assessment. Its important to track issues as they occur so your team can refer back to how the issues were resolved. I'm asking this question because I'm starting to see more references to RAID logs in PM literature and I'm wondering if this is basically the same thing as tools I've always used, such as risk registers and issue logs. There's also a field to identify the importance of the risk based on its expected value and the thresholds that are defined in the second worksheet. );}project management. It happens most frequently during the initial stages of the project. You need to act on postive as well to ensure it is communicated and potentially to update the business case. A detailed description of the assumptions. This website uses cookies to improve your experience while you navigate through the website. A risk register can do just that. This will usually be determined based on how critical the dependency is to the successful completion of the project. Then we need to assess the impact of the risk what will happen if the risk materializes, for example, will the project overrun or go over budget? Therefore, it is crucial for project managers to identify opportunities that help increase efficiency and quality. By having an easy way to capture, assess and take action each one reduces the overall risk in your project, and ensures there is alignment . These are the 20 common project risks which we have included in the risk register along with suggested mitigating actions and contingency actions. Next, we must describe the impact the issue will have on our project if the issue is not resolved. You also have the option to opt-out of these cookies. In this way, the RAID log is an effective tool for risk management and managing projects. In my own personal experience, I know that I have a tendency to give ample attention to risks and risk management but can overlook assumptions, so reminding myself of the RAID acronym daily, so as not to overlook any of these areas comes in very handy. Project teams, stakeholders and management from all industries use RAID Log. );}.css-lbe3uk-inline-regular{background-color:transparent;cursor:pointer;font-weight:inherit;-webkit-text-decoration:none;text-decoration:none;position:relative;color:inherit;background-image:linear-gradient(to bottom, currentColor, currentColor);-webkit-background-position:0 1.19em;background-position:0 1.19em;background-repeat:repeat-x;-webkit-background-size:1px 2px;background-size:1px 2px;}.css-lbe3uk-inline-regular:hover{color:#CD4848;-webkit-text-decoration:none;text-decoration:none;}.css-lbe3uk-inline-regular:hover path{fill:#CD4848;}.css-lbe3uk-inline-regular svg{height:10px;padding-left:4px;}.css-lbe3uk-inline-regular:hover{border:none;color:#CD4848;background-image:linear-gradient( Team members can easily take a look at any actions that are currently in progress or decisions that were made recently. As project and program managers it is your responsibility to record, monitor, and manage these dependencies.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'expertprogrammanagement_com-large-leaderboard-2','ezslot_4',624,'0','0'])};__ez_fad_position('div-gpt-ad-expertprogrammanagement_com-large-leaderboard-2-0'); A project management RAID Log Template is obviously a template that allows us to log and monitor risks, assumptions, issues, and dependencies. This can help your team track changes, learn from these challenges, and apply that information to the next project. Instead of combing through your old meeting notes to find a record of past decisions or wishing you had documented the assumptions behind that pesky requirement that is now giving you grief, a RAID log offers a single repository of project risks, assumptions or actions, issues, and dependencies or decisions that you can quickly share with your stakeholders. Consider the RAID log a shortcut, and any busy project manager will appreciate that, as time is precious when managing a project. A classic example of risk transfer is the purchase of an insurance. It could be a spreadsheet ( like this one) or built into your project management software tool in the form of a database or table. The difference is that a RAID log is more comprehensive. Having an owner makes sure that the action is managed and will not fall through the cracks of a busy project. Your team track changes, learn from these challenges, and Randy Katz at the University of California Berkeley... Uses cookies to improve your experience while you navigate through the cracks of busy. Add proximity to your assessment makes sure that the action is managed and will not fall through the website resource. About the RAID log stakeholders and management from all industries use RAID is... 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