General Project Risks Sample Clauses

General Project Risks. The following table describes the general project and managerial risks and how PRECIOUS ad- dresses these risks. Area Risk/ Realization percentage PRECIOUS solution / mitigation IMPACT: HIGH Manage- ment Under-estimation of tasks and complex- ity Realization per- centage= 0.5% POTENTIAL RISK: MINOR. The consortium consists of experts in the areas addressed by the PRECIOUS archi- tecture; that is the Virtual Individual Model, sensing, communications and networking, semantic middleware, gamification and motivation. Careful workload allocation has been performed and tasks have been thoroughly stu- died, so that all partners will contribute to their area of expertise in a balanced way. Manage- ment Delays in the project and/or under performance of partners. Realization per- centage= 2% POTENTIAL RISK: MINOR. The project management continuously controls the project plan with its milestones and critical paths. The management follows agile prin- ciples and practices (Section 2.1.3) that enables reactions within very short notice. In addition, there is the standard internal monthly reporting which ensures that the man- agement will be aware of any potential problems on and can initiate countermeasures long before a problem be- comes critical. The tight control both at work package level and at project management levels ensures that solu- tions will be available in good time. IMPACT: MEDIUM Property rights IPR licensing con- flicts. Realization per- POTENTIAL RISK: MINOR. To facilitate the handling of intellectual property rights and ensure that they are not abused, the consortium agreement will make provision for an IPR exploitation plan to be signed by the end of first Area Risk/ Realization percentage PRECIOUS solution / mitigation IMPACT: HIGH centage= 2% year. Partners will comply with the respective rules for EU projects. The long experience of the project consortium with EU projects brings in sufficient practice in handling the IPR issues. Implemen- tation Unavailability of HW components, technology evolu- tion. Realization per- centage=2% POTENTIAL RISK: MEDIUM. Partners already have access to the majority of components needed for the dep- loyment and validation of PRECIOUS. All necessary pro- cedures and licensing issues will be resolved prior the PRECIOUS kick-off meeting. Further unavailability issues are easily recognized by our agile project information flows in backlogs that are followed especially Scrum Mas- ters that have practically real-time commu...
Sample 1
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Related to General Project Risks

  • TASK 1 GENERAL PROJECT TASKS PRODUCTS

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  • BUILDER’S RISK FOR NEW CONSTRUCTION PROJECTS If the project is NEW CONSTRUCTION, then the following provisions apply:

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  • Interconnection Facilities Engineering Procurement and Construction Interconnection Facilities, Network Upgrades, and Distribution Upgrades shall be studied, designed, and constructed pursuant to Good Utility Practice. Such studies, design and construction shall be based on the assumed accuracy and completeness of all technical information received by the Participating TO and the CAISO from the Interconnection Customer associated with interconnecting the Large Generating Facility.

  • Construction Development of the Project The Allottee has seen the proposed layout plan/demarcation-cum-zoning/sanctioned plans, / site plan / building plan, specifications, amenities and facilities, etc. depicted in the advertisement / brochure / agreement / website (as the case may be) regarding the Project where the Said Independent Floor for residential usage along with parking is located and has accepted the floor / site plan, Payment Plan and the specifications, amenities, facilities, etc. [annexed along with this Agreement] which has been approved by the competent authority, as represented by the Promoter. The Promoter shall develop the Project in accordance with the bye-laws such as Haryana Building Code, 2017, FAR, density norms, provisions prescribed, approved plans, terms and condition of the license/ allotment as well as registration of RERA, etc. Subject to the terms in this Agreement, the Promoter undertakes to strictly abide by such plans approved by the competent authorities and shall also strictly abide by the provisions and norms prescribed by the relevant State laws and shall not have an option to make any variation/ alteration/ modification in such plans, other than in the manner provided under the Act and Rules made thereunder or as per approvals/instructions/ guidelines of the competent authorities, and any breach of this term by the Promoter shall constitute a material breach of the Agreement.

  • Project Construction Budget The project construction cost allowance specifically stated in writing as the ‘revised’ or ‘current’ ‘Project Construction Budget’ by the Trustees at each applicable phase of plan development.

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  • Project Background 6.1.1. Brief description of Contracting Agency’s project background and/or situation leading to this Project

  • PRE-CONSTRUCTION PHASE SERVICES The Pre-Construction Phase shall be deemed to commence upon the date specified in a written Notice to Proceed with Pre-Construction Phase Services issued by Owner and shall continue through completion of the Construction Documents and procurement of all major Subcontractor agreements. Contractor is not entitled to reimbursement for any costs incurred for Pre-Construction Phase Services performed before issuance of the written Notice to Proceed. Pre-Construction Phase Services may overlap Construction Phase Services. Contractor shall perform the following Pre-Construction Phase Services:

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