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Guidelines:
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If the current work is essentially on track, with only minor schedule slip that you have high confidence will not impact dependent tasks, use the green status. |
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If the current work is slipping, with moderate schedule slip that will impact dependent tasks, and that threatens the current milestones by up to something like 25%, use the yellow status. Yellow status merits regular monitoring at a team level. |
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If the current work is blocked, with major schedule slip that impacts dependent tasks, or for which a major issue has arisen that threatens delivery of the service, use the red status. Red status merits review at a leadership level. |
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