Traffic Light Assessment is a tool for evaluating the current performance of a process or a project in relation to a goal. It’s an easily understood reporting tool that is prepared for management review and action. Poor performance can be easily identified and addressed. The results should then help in the decision making and the selection of corrective actions. Results are expressed in terms of colors, where:
- Red indicates an action to be taken to improve performance.
- Yellow indicates that the performance is as expected or on target.
- Green indicates a better result than expected.
Traffic Light Assessment can be used in a number of different areas such as: presenting performance information (for decision making purposes), presenting the status of a material or a product. Get a picture about what a team think of a particular idea. Team members may assess an idea where Green means an excellent idea, Yellow means good, and Red means poor or not appropriate.
Examples of Reports that Use Traffic Light Assessment:
- Financial reports.
- Marketing reports.
- Customer satisfaction reports.
- Project management reports.
- Quality control reports.
- Compliance audits.
- Progress reports.
- Retention planning.
- Staff training and development.
- Staff performance management.
Example – Staff Training and Development:
The example shown in the below assesses the current training status and needs for a company.