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In my experience, most projects don't score an underspend as "Red" or "Amber", as long as these are genuine savings. However, if they are variations due to timing, then it may be an issue for the project to underspend this year and overspend by the same amount next year. A couple of places where I have worked have set next year's budgets ...


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Context is king. I'd suggest a slightly different interpretation. Yellow means that this situation/factor/variable should be monitored, and Red means that action should be taken. A large variance in revenue probably requires action. I'd be comfortable coding it red. Much depends on the context/audience. I'm not sure why project team members/SME/individual ...


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The advantage of the Red, Amber, Green scoring lies in the fact that it's simple, well known, and intuitive. Everyone knows how a traffic light looks like and how it works. Green means "safe", "all good", "go". Red means "unsafe", "not good", "stop". So intuitively, green means something good, red ...


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