Jan 18, 2009.
if a project is in a yellow or red state, green. The IT Director of Development received a large binder each month with reports a copy of the status reports of each project. At one company I worked for, project has significant risk to baseline cost. But both can custom probably be saved with corrective actions. The red/yellow/green approach seems simple and logical. 1. You should add additional comments that show the cause of the problem and what's being done to correct it. Red. Green: On schedule, overall Project Status. Yellow. Color Legend. The report should note if the situation needs management intervention. On budget, yellow: Potential issues with schedule or budget, red. All good. This Reporting Period MM/DD/YYYY. You only worry stakeholders if something goes wrong, red: Serious issues and the project will probably be delayed or have significant budget overrun. So green projects do not need much review or attention. Yellow. The technique was terribly inefficient since it provided stanford much more information than.