Risk colors should be related to the Project’s possibility of meeting its goal or finishing completion.
While every company may think of risk profiles differently, they generally correspond with these general areas:
- Green: Project is on track to meet its goal
- Yellow: Project has some risk, but path forward (or the contingency plan) is known and the proper resources have been acquired (or are set to be) in order to meet the goal of the Project
- Red: Project has significant risk, and is unlikely to meet its goal
When making an Insight, consider whether you are changing the risk status to a different color. Your Insight should make note of the change and explain why it occurred.