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What is the meaning of the Red, Amber, Green (RAG) Status in a Gateway Report?

amber Gateway rag red report Status
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What is the meaning of the Red, Amber, Green (RAG) Status in a Gateway Report?

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At the conclusion of a Gateway review the review team will prepare a written report to the SRO outlining recommendations for the project moving forward. The review team will issue the individual recommendations, as well as the program/project as a whole, with a Red, Amber or Green (RAG) Status as follows: The overall project/program RAG Status is not a ‘Stop/Go’ sign through to the next phase, nor is it a sign of a ‘good’ or ‘bad’ project. It is rather an indication of the urgency and criticality for which remedial action is required on a project to achieve success.

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