A RAID Log, or register, is one of the essential documents in the project management steps lifecycle.

A RAID log is one of the easiest and most effective tools you can create for your project.

It is a good idea to create a RAID log at the start of each project so you can track anything impacting you now or in the future. Keep your log up-to-date through weekly reviews and team meetings. A formal review and sign-off of your RAID Log should occur at the end of each of your project management steps.

The acronym RAID stands for Risks, Assumptions, Issues and Dependencies.

Risks

Events that will have a negative impact on your project if they occur. Risk refers to the combined likelihood the event will occur and the impact on the project if it does occur. If the likelihood of the event happening and impact to the project are both high, you identify the event as a risk. The log includes a description of each risk, full analysis and a plan to manage it.

Assumptions

Any factors that you are assuming to be in place that will contribute to the successful result of your project. The log includes details of the assumption, the reason it is assumed and the action needed to confirm whether the assumption is valid.

Issues

Something that is going wrong on your project and needs to be managed. Failure to manage issues may result in a poor delivery or even failure. The log includes a description of each issue, the impact it is having, its seriousness and actions needed to contain and remove it.

Dependencies

Any event or work that are either dependent on the result of your project or your project will depend on. The log captures who you are dependent on, what they should deliver and when. It may also include who is dependent on you.
Act swiftly and decisively to deal with any risks or issues identified. Check your assumptions are valid and understand your dependencies.

You can create a simple RAID Log using a spreadsheet with one tab for each area. Use it as a primary source for your status reporting. We have a variety of project templates that you can use to monitor and manage your project.

USING A RAID LOG, WITHIN THE PROJECT MANAGEMENT STEPS FRAMEWORK, IS EASIER THAN TRYING TO KEEP ALL THIS INFORMATION IN YOUR HEAD.

The benefits of risk management in projects are huge. You can gain a lot of money if you deal with uncertain project events in a proactive manner.

Experience shows that 10 golden rules exist for implementing risk management successfully throughout the project management steps in your project.

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Consider the two project management steps scenarios below:

Deliverables

Status Reports
Issues & Risks
Changes

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INFORMATION: Project Templates

PRINCE 2 and PMP qualified professionals developed the SKM Project Management Steps Templates over several years.

We spend thousands of hours researching, developing and using the templates to ensure its continued relevance and benefits across the following industries and sectors:

Advertising, Media & Entertainment
Call Centre & Customer Services
Construction & Civil Engineering
Defence, Military & Armed Forces
Education
Engineering
Finance, Accounting & Banking
Food & Hospitality
Healthcare & Medical
HR & Recruitment
IT & Telecommunications
Legal
Manufacturing
Mining, Energy, Oil & Gas
Office & Administration
Retail & Consumer Products
Sales & Marketing
Science, Biotech & Pharmaceuticals
Trades & Services
Transport & Logistics
Travel & Tourism

Over 30 ‘ready to use’ project document templates, which covers all stages in a typical Project Delivery Lifecycle

The templates are used successfully by:

Managers,
Teams,
Consultants and
Trainers

to start-up, initiate, define, plan, execute, close and deliver both IT and business projects.

Additionally, Business owners use the program to help stage Marketing Events, Conferences, Seminars, Product launches or Office moves.

Also, Lecturers and Educationists use the program to teach the principles of project management to their students. They also include the project document templates into their discussions to with students to role-play real-life situations and scenarios.

The image below shows the list of the 30 ‘Ready to Use’ Project Templates:

project management steps

Click here for an alphabetic listing of the templates and a product description of each one.

During our research, we found that many templates, including the ‘FREE Download’ variety, were VERY basic, and did not offer a large amount of background information and guidance for how to use it. In other words, they did not provide TRAINING. The templates we produce and offer do not fit into that category. The differences between the SKM Project Document templates and those from some of our competitors are:

There is a consistent look and feel to the SKM template.

There is typically a lot of ‘training’ embedded in the SKM template, they are substantive

The SKM templates are in an easily adapted format. All the SKM templates are created in Microsoft Office format and used to deliver projects in any project focused environment, including PRINCE 2 and PM-BOK

The SKM templates are not expensive

The SKM templates are regularly assessed and updated to reflect current project management ‘best practice’
These templates will give you a great boost and confidence when used in your work environment. They help will you to manage your projects better and improve your project success.

Please find attached, links to PDF samples of the SKM Business Case and Project Status Report document templates. Click here

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