PMO (project management office) · Concepts · European Finance Observatory

Roles that need it

RAID logA RAID log is a project register of Risks, Assumptions, Issues and Dependencies (some teams use Actions or Decisions for the A and D). Each entry has an owner, a rating, a due date and a status, and the log is reviewed regularly at project and steering meetings.
RAG statusRAG status rates a project, workstream or risk as Red, Amber or Green against agreed criteria, for example Red when a milestone will be missed without intervention. It summarises progress for steering committees; useful RAG ratings come with clear thresholds and a short explanation.
Programme and projectA project is a temporary effort with a defined scope, budget and end date that delivers specific outputs. A programme is a group of related projects managed together to achieve a wider outcome and benefits; a portfolio is the full set of change investments.
Steering committeeA steering committee (SteerCo) is the senior group that directs a project or programme: it approves scope, budget and major changes, resolves escalated risks and issues, and decides at key gates whether work continues. It meets on a fixed cycle, often monthly.

Updated 31 Oct 2026.