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RAID Log

~ By Duncan Haughey

A RAID log is one of the easiest and most effective tools you can create for your project.

It is a good idea to create a RAID log at the start of each project so you can track anything impacting you now or in the future. Keep your log up-to-date through weekly reviews and team meetings.

The acronym RAID stands for Risks, Assumptions, Issues and Dependencies.

RisksEvents that will have an adverse impact on your project if they occur. Risk refers to the combined likelihood the event will occur and the impact on the project if it does occur. If the likelihood of the event happening and impact to the project are both high, you identify the event as a risk. The log includes descriptions of each risk, full analysis and a plan to mitigate them.
AssumptionsAny factors that you are assuming to be in place that will contribute to the successful result of your project. The log includes details of the assumption, the reason it is assumed, and the action needed to confirm whether the assumption is valid.
IssuesSomething that is going wrong on your project and needs managing. Failure to manage issues may result in a poor delivery or even complete failure. The log includes descriptions of each issue, its impact, its seriousness and actions needed to contain and remove it.
DependenciesAny event or work that are either dependent on the result of your project, or on which your project will be dependent. The log captures whom you are dependent on, what they should deliver and when. It may also include who is dependent on you.

Act swiftly and decisively to deal with any risks or issues identified. Check your assumptions are valid and understand your dependencies.

You can create a simple RAID Log using a spreadsheet with one tab for each area. Use it as a primary source for your status reporting.

Using a RAID log is easier than trying to keep all this information in your head.


Download our free RAID Log Template


Comments (9)

Topic: RAID Log
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8th June 2016 3:14pm
Safdar (Oakville) says...
I guess from business perspective there are i) good risks, i.e. that you anticipate taking as it is either part of the specific industry you are in or you need to take that risk to make money and ii) bad risk, i.e. that exist in the environment and which are uncontrollable in nature. You can mitigate them but cannot eliminate them.
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4th May 2016 8:13pm
Mark Stanley (Loveland CO) says...
Excellent comments and question. Thanks for the tip on David Hillson.

I have been taught to look at Assumptions as Risks not yet proven to be true. To clarify, when making an assumption, you have an understanding of an existing condition, but you lack detail as to its makeup. If it's condition is exactly what you need then there is minimal risk. However, by the same token, it may exist but may not provide the project team with required functionality or capabilities. In this case, it may be a major risk that needs to be addressed.

Assumptions are risks not verified.
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10th December 2015 2:44am
Tim (Wellington) says...
As an experienced PM, I still get a little frustrated by the general lack of understanding about risk. Risk is not just about negative impacts, risk comprises the negative as threats, but it also considers the opportunities.

Considering risk in this way creates a balanced and realistic view and can open the door to enhanced project benefits or simply greater certainty of successful project delivery.

This is not a new concept, David Hillson (otherwise known as the Risk Doctor), wrote about this approach in 2002 for the International Journal of PM.

Something to think about anyway.
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11th December 2015 8:06am
Duncan (London) says...
Tim, I agree, risk does tend to be viewed mostly in negative terms. The focus is on what might go wrong, but perhaps that's partly human nature to focus in on the negatives.

It's only in recent years that risk management has expanded to include opportunities. Rather than risk mitigation, we need to intensify opportunities to increase our likelihood of realising them.

Your post inspired me to seek out some writing by David Hillson. I found two useful quotes by him on risk:

"Risk can be defined as uncertainty that matters."

"Uncertainties, when they happen, can damage a project, but some uncertainties can help."

I think these both sum up the positive and negative of risk management well.
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25th November 2015 6:06am
Joseph (Chennai) says...
Thanks for sharing this information. I have gone through the RAID log template. Do we have contingency planning for the risk? Or, is it the same as mitigation plan for issues?

Thanks,
Joseph
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26th November 2015 10:39am
Duncan (London) says...
You could choose to use either mitigation or contingency planning for your risks, or a combination of both. You may want to mitigate your highest risks and produces a contingency plan for lower impact risks.

Mitigation: doing something proactive to bring down your risk exposure. I'm driving down the probability or impact of the risk by carrying out some activities now.

Contingency: doing nothing in advance, but if I see warning signs, I will carry out some identified activities. I don't do anything now, but I keep some contingency reserves in case I need them.

The RAID log is a very useful tool for managing risks.
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5th May 2016 11:42am
John (Carlisle) says...
I agree with the differences between mitigation and contingency apart from the "doing nothing in advance" portion of the statement. Contingency and mitigation are essentially the same until the you implement something. Once actioned, a contingency becomes a mitigation, in my opinion.
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28th March 2017 9:13pm
PLM (Nepean) says...
My understanding is that mitigations are steps you take in advance to decrease the likelihood of an adverse incident. Contingency are resources, reserves or procedures that are built in to the plan (allocated in advance) to allow for adjustments if/when the project goes slightly awry.

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