RAID Log

RAID Log

RAID Log is a project management tool that is used to store several project information in one place. It serves as a central repository for all risks, assumptions, issues and dependencies related to a project. It allows keeping track of everything happening in your project, making it a useful document in regular project meetings and for audit purposes. RAID stands for Risks, Assumptions, Issues and Dependencies.

Logging your project details using a RAID log keeps your project organized and on track. It makes the information easier to store and retrieve rather than keeping everything in your head. It gives confidence to all project stakeholders that the project is under control and is being constantly monitored. Upper management can also be engaged and asked for help where necessary to mitigate a risk or resolve an issue.

A Risk is something that will have a negative impact on the project if it happens. It can lead to quality, delay and cost problems. It refers to the combined likelihood that the event will occur and the impact on the project if it occurs. A risk is often evaluated by its Risk Priority Numbers (RPNs) which is the product of likelihood times impact. A plan shall then be developed to mitigate risks with high RPNs.

Assumptions are those factors that are taken for granted but cannot be guaranteed and may impact the result of the project (e.g. staff availability). Project Issues are incidents that cause the project to become out of alignment. They are risks that have already happened. Failure to manage issues may result in a poor delivery of the project or even failure. Dependencies are those activities which need to start or be completed in order for the project to proceed successfully.

Active management of the RAID log elements is one of the key roles that the project manager is expected to do. A good practice is to create a RAID log at the beginning of each project, then regularly review and update it as necessary through regular project meetings. In the end, the log should drive to take the necessary actions in order to ensure successful implementation of the project.

There are many tools that can help you to manage and track your project details. The simplest way is to use a spreadsheet with a dashboard.

Example:

The following is an example of a RAID log which summarizes the details of a supply chain project:

 
A RAID dashboard is a simple way to summarize all the logging. It allows the project manager to review all relevant information related to a project at a glance: