Definitions, Scope and Objectives Sample Clauses

Definitions, Scope and Objectives. 361 The Eurosystem establishes a T2S Risk and Issue Management and Reporting Framework as 362 comprehensive tool for the handling of risks and issues. The term ‘risk’ refers to a ‘threat’ to the 363 successful delivery of the T2S Programme. The framework does not track and manage 364 ‘opportunities’. ‘Issues’ define materialised risks. 365 The objectives of the framework that all parties to this Agreement are to follow are: 366  to identify, manage and monitor risks and issues, potentially affecting the successful delivery 367 of the T2S Programme; 368  to inform and discuss between all parties to this Agreement in case of risks/issues, which may 369 potentially impact T2S Operational Plan;‌ 370  to ensure that potential risks are addressed in a timely and appropriate manner; and 371  to ensure that planning issues are identified, discussed and addressed in a timely and 372 appropriate manner.