What are the key components of RAG?

RAG stands for Red, Amber, Green and is a color-coded system used in project management to indicate the status of different tasks or projects. The key components of RAG are as follows: Red signifies that a task or project is in trouble and requires immediate attention, Amber indicates that there are potential issues that need to be addressed, and Green signifies that a task or project is on track and progressing as planned. By using the RAG system, project managers can quickly assess the status of multiple tasks or projects at a glance, allowing them to prioritize their efforts and resources accordingly.

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