A RAID log is a project management tool used to document any issues or problems that occur during an ongoing project. It’s an acronym that stands for Risks, Actions, Issues and Decisions. It’s a simple way to organize this information and comes in handy during meetings and project audits.
Benefits of RAID Log
A RAID log can be a practical and versatile tool for project planning. Here are some potential benefits of using a RAID log:
Ensures all members of a project team know the goals, expectations and strategies for a project
Provides a broad, initial assessment of potential risks
Centralizes information to make it easy to track progress toward goals
Creates a visual to organize information for easy referencing at each stage of a project
Invites all members of a project team to take part in identifying risks and proposing solutions
Guides meetings and discussions based on an initial framework for a project
Helps leaders evaluate and address changes as they arise
Allows project managers to monitor project progress
Outlines goals to help leaders allocate resources for each aspect of a project
Documents resolutions or proposals for manager input on project strategies
Communicates the project plan with stakeholders, such as managers and clients