Here is the suggested guidance for the status of the Project Value Health:

Your Value Health is Green if ALL of these things are true:

• The business objectives are stated in the project charter
• The business objectives are measurable
• The value in the business case will still be achieved
• There are no compromises from the original scope and schedule that affects the value of the solution.

Your Value Health is Yellow if ANY of these are true:

• The business objectives stated in the project charter may not be achieved
• There are compromises (e.g. a smaller testing window) from the original scope and schedule that somewhat affect the value of the solution.

Your Value Health is Red if ALL of these are true:

• The business objectives stated in the project charter cannot be achieved
• There are compromises (e.g. a smaller testing window) from the original scope and schedule that have a major affect on the value of the solution.

Note: Much more detail on the Project Health Scorecard can be found in my Kindle book “Project Management For The Real World”, available at

https://www.amazon.com/author/lettera