RAID is a project management technique that evaluates the effectiveness of a work assignment by identifying and understanding the risks, assumptions, issues, and dependencies associated with it. RAID stands for:
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Risks: Identifying the risks that a project may face during its lifecycle is crucial to proactive project management. Project managers work with their teams to identify the risks and share solutions through brainstorming.
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Assumptions: Assumptions are the things that are taken for granted in a project. They can be about the project itself, the team, or the environment in which the project is being carried out. Identifying assumptions helps project managers to avoid potential issues that may arise due to incorrect assumptions.
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Issues: Issues are the problems that arise during the project lifecycle. A RAID log is an essential project management document that is used to keep track of these issues and can be updated as needed throughout the project. An accurate and up-to-date RAID log allows project managers and stakeholders to act in time if potential roadblocks become urgent issues.
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Dependencies: Dependencies are the relationships between different tasks in a project. Identifying dependencies helps project managers to understand how different tasks are related and how they impact each other. This helps them to manage the project more effectively.
A RAID log is a project management tool used to document any issues or problems that occur during an ongoing project. This tool is created during the project planning phase and used consistently throughout the project to document risks, actions, assumptions, issues, decisions, and dependencies as the project progresses. RAID logs are beneficial tools to have in a project management toolbox because they allow project managers to catalog important information quickly in one central place. As soon as an issue occurs or a decision is made, a project manager can quickly jot down that action in the corresponding section of the RAID log.