RAID Log

Project management training methodologies tend to involve all sorts of acronyms and RAID or RAID log is one that you may well have come across.
A RAID log is an effective tool that is used to contribute towards the successful completion of a project and is something that you can include in your project management framework.
RAID stands for risk, assumptions, issues and dependencies.

Risks
All projects will come with some level of risk. A risk is any event that occurs during your project that may impact on it negatively. You will need to log all the risks as well as the significance of the impact it will have on the project. It is also important you analyse andplan how to manage these risks in order to minimise their impact.

Assumptions
Anything that will contribute towards the successful completion of the project and you are assuming to be in place during the planning stage of the project should be listed here. In the RAID log, you should list all the assumptions, any reasons why you are making these assumptions and the actions needed to validate that the assumption is correct and valid.

Issues
Issues will often arise during different phases of your progress. When this happens it can delay the completion of the project or prevent you and your team from meeting the objectives. Use the RAID log to identify possible issues and how you will address each of them. Brainstorming is always a good idea when you are troubleshooting and trying to identify any issues. Try to avoid identifying possible issues alone as it is much easier to do in a team. Where you might spot a certain number or issues, other members of the team might spot others you didn’t, which is why it is so important to include the team in order to get fresh perspective.

Dependencies or Decisions
Some people use dependencies as part of the RAID acronym and others use decisions. Which you use may depend on the project management training courses you have attended. In the case of dependencies, these are any events that depend on the successful completion of the project or factors that the project is reliant upon for completion. Each of these should be listed in the log.
In terms of decisions, you will find that at many points in different phases of the project you will need to make decisions. Each of these should be outlined in the log as and when they happen.

RAID logs are commonly used as a resource in project management to contribute to the smooth running of a project. It is always useful to understand a broad spectrum of project management methodologies so that you are able to apply the most relevant to a project, rather than just the one you know as default.
To learn more about using RAID logs and improve your project management skill set, it might be worth investing in some project management training.