How to Effectively Govern RAID Logs Using RAID Dashboards?
RAID Dashboards provide a consolidated view of Risks, Actions, Issues, and Decisions (RAID) for a project, allowing stakeholders to monitor, analyze, and act on project items efficiently. These dashboards enable governance and proactive management of project concerns, ensuring that project objectives are achieved.
RAID Dashboards consist of the following components:
- Risk Dashboard – Monitors and manages project risks.
- Actions Dashboard – Tracks and governs assigned actions.
- Issues Dashboard – Monitors and mitigates project issues.
- Decisions Dashboard – Tracks critical project decisions.
Each dashboard contains a set of Key Performance Indicators (KPIs) relevant to the respective item type to ensure visibility and accountability.
Key KPIs of RAID Dashboards
Each dashboard presents a summary of critical metrics to monitor the health of items in the project. Example KPIs from the Risk Dashboard include:
- Total Risks – Total number of risks in the project.
- Open Risks – Risks that are yet to be resolved.
- Overdue Risks – Risks past their planned resolution date.
- Closed Risks – Risks that are resolved and marked completed.
- Workstream by Criticality – Risks categorized by workstream and criticality (High, Medium, Low).
- Probability by Impact – Distribution of risks based on their probability and potential impact.
Similar KPI sets exist for Actions, Issues, and Decisions dashboards.
RAID Dashboards are interactive and actionable:
- Launch Query – Clicking this option takes you to the query page where you can filter and view detailed items.
- RAID Item Navigation – From the query page, clicking on an individual item opens the RAID Item Landing Page, where the item can be updated or managed.
- Updates and Status Changes – Status, mitigation, or other details can be updated directly from the landing page, ensuring that the dashboard reflects real-time information.
Benefits of Using RAID Dashboards
- Real-Time Visibility – Quickly identify open, overdue, or high-risk items.
- Centralized Governance – Manage all RAID items from a single interface.
- Accountability – Assign items to responsible stakeholders and track updates.
- Data-Driven Decisions – Use KPI insights to prioritize and mitigate risks and issues.
- Actionable Interface – Directly update items from dashboards, ensuring governance is practical and efficient.
Best Practices
Regular Updates – Ensure stakeholders update RAID item statuses promptly to maintain accuracy.- Use Filters – Utilize filters by workstream, criticality, or wave for focused analysis.
- Leverage KPIs – Monitor KPIs frequently to detect trends or emerging risks.
- Engage Stakeholders – Encourage responsible owners to act on overdue or high-impact items.
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