Common use of Conventions Clause in Contracts

Conventions. 345 The Eurosystem prepares a programme status assessment for each Deliverable, using colour 346 coding (Green/Yellow/Red). This assessment evaluates the status of a Deliverable based on time, 347 quality and scope. 348 A specific colour, based on a three colours scheme, specifies the progress: Colour Description Green Deliverable is within the required scope and quality and is on time Yellow Deliverable will not have the required scope, will be delayed and/or not of the required quality if no corrective measures are taken Red Corrective measures have not delivered the expected effect or no corrective measures are possible. Deliverable will be delayed to achieve the required quality or scope if no extraordinary action is taken and requires escalation as described in section 7.2. 350 In addition to the colour reported for the progress assessment, the reporting of the Deliverable 351 shows: 352  the change from the previous progress assessment; and 353  the expected trend for the next monitoring period. 354 The T2S Programme Status Report provides detailed information for each activity or Deliverable 355 with a “yellow” or “red” status, including: 356  the list of achievements; 357  when relevant, the list of milestones missed or delayed; and 358  the list of mitigating actions already started or envisaged to manage the situation.

Conventions. 345 The Eurosystem prepares a programme status assessment for each Deliverable, using colour 346 coding (Green/Yellow/Red). This assessment evaluates the status of a Deliverable based on time, 347 quality and scope. 348 A specific colour, based on a three colours scheme, specifies the progress: Colour Description Green Deliverable is within the required scope and quality and is on time Yellow Deliverable will not have the required scope, will be delayed and/or not of the required quality if no corrective measures are taken Red Corrective measures have not delivered the expected effect or no corrective measures are possible. Deliverable will be delayed to achieve the required quality or scope if no extraordinary action is taken and requires escalation as described in section 7.2. 349 350 In addition to the colour reported for the progress assessment, the reporting of the Deliverable 351 shows: 352  ▪ the change from the previous progress assessment; and 353  ▪ the expected trend for the next monitoring period. 354 The T2S Programme Status Report provides detailed information for each activity or Deliverable 355 with a “yellow” or “red” status, including: 356  ▪ the list of achievements; 357  ▪ when relevant, the list of milestones missed or delayed; and 358  ▪ the list of mitigating actions already started or envisaged to manage the situation.

Conventions. 345 337 The Eurosystem prepares a programme status assessment for each Deliverable, using colour 346 338 coding (Green/Yellow/Red). This assessment evaluates the status of a Deliverable based on time, 347 339 quality and scope. 348 340 A specific colour, based on a three colours scheme, specifies the progress: Colour Description Green Deliverable is within the required scope and quality and is on time Yellow Deliverable will not have the required scope, will be delayed and/or not of the required quality if no corrective measures are taken Red Corrective measures have not delivered the expected effect or no corrective measures are possible. Deliverable will be delayed to achieve the required quality or scope if no extraordinary action is taken and requires escalation as described in section 7.2. 350 341 342 In addition to the colour reported for the progress assessment, the reporting of the Deliverable 351 343 shows: 352 344  the change from the previous progress assessment; and 353 345  the expected trend for the next monitoring period. 354 346 The T2S Programme Status Report provides detailed information for each activity or Deliverable 355 347 with a “yellow” or “red” status, including: 356 348  the list of achievements; 357 349  when relevant, the list of milestones missed or delayed; and 358  the list of mitigating actions already started or envisaged to manage the situation.and

Conventions. 345 337 The Eurosystem prepares a programme status assessment for each Deliverable, using colour 346 338 coding (Green/Yellow/Red). This assessment evaluates the status of a Deliverable based on time, 347 339 quality and scope. 348 340 A specific colour, based on a three colours scheme, specifies the progresstheprogress: Colour Description Green Deliverable is within the required scope and quality and is on time isontime Yellow Deliverable will not have the required scope, will be delayed and/or not of the required quality if no corrective measures are taken aretaken Red Corrective measures have not delivered the expected effect or no corrective measures are possible. Deliverable will be delayed to achieve the required quality or scope if no extraordinary action is taken and requires escalation as described in section 7.2. 350 341 342 In addition to the colour reported for the progress assessment, the reporting of the Deliverable 351 343 shows: 352 344  the change from the previous progress assessment; and 353 345  the expected trend for the next monitoring periodmonitoringperiod. 354 346 The T2S Programme Status Report provides detailed information for each activity or Deliverable 355 347 with a “yellow” or “red” status, including: 356 348  the list of achievements; 357 349  when relevant, the list of milestones missed or delayed; and 358 350  the list of mitigating actions already started or envisaged to manage the situation.thesituation. 351 6.2 T2S Risk and Issue Management and Monitoring Framework

Conventions. 345 337 The Eurosystem prepares a programme status assessment for each Deliverable, using colour 346 338 coding (Green/Yellow/Red). This assessment evaluates the status of a Deliverable based on time, 347 339 quality and scope. 348 340 A specific colour, based on a three colours scheme, specifies the progress: Colour Description Green Deliverable is within the required scope and quality and is on time Yellow Deliverable will not have the required scope, will be delayed and/or not of the required quality if no corrective measures are taken Red Corrective measures have not delivered the expected effect or no corrective measures are possible. Deliverable will be delayed to achieve the required quality or scope if no extraordinary action is taken and requires escalation as described in section 7.2. 350 341 342 In addition to the colour reported for the progress assessment, the reporting of the Deliverable 351 343 shows: 352  344 ▪ the change from the previous progress assessment; and 353  345 ▪ the expected trend for the next monitoring period. 354 346 The T2S Programme Status Report provides detailed information for each activity or Deliverable 355 347 with a “yellow” or “red” status, including: 356  348 ▪ the list of achievements; 357  349 ▪ when relevant, the list of milestones missed or delayed; and 358  the list of mitigating actions already started or envisaged to manage the situation.and

Conventions. 345 337 The Eurosystem prepares a programme status assessment for each Deliverable, using colour 346 338 coding (Green/Yellow/Red). This assessment evaluates the status of a Deliverable based on time, 347 339 quality and scope. 348 340 A specific colour, based on a three colours scheme, specifies the progress: Colour Description Green Deliverable is within the required scope and quality and is on time ontime Yellow Deliverable will not have the required scope, will be delayed and/or not of the required quality if no corrective measures are taken aretaken Red Corrective measures have not delivered the expected effect or no corrective measures are possible. Deliverable will be delayed to achieve the required quality or scope if no extraordinary action is taken and requires escalation as described in section 7.2. 350 341 342 In addition to the colour reported for the progress assessment, the reporting of the Deliverable 351 343 shows: 352 344  the change from the previous progress assessment; and 353 345  the expected trend for the next monitoring period. 354 346 The T2S Programme Status Report provides detailed information for each activity or Deliverable 355 347 with a “yellow” or “red” status, including: 356 348  the list of achievements; 357 349  when relevant, the list of milestones missed or delayed; and 358 350  the list of mitigating actions already started or envisaged to manage the situation.thesituation. 351 6.2 T2S Risk and Issue Management and Monitoring Framework