General Project Risks Clause Samples

General Project Risks. The following table describes the general project and managerial risks and how PRECIOUS ad- dresses these risks. 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 communication to General Assembly as well as practical WP leaders.
View Source

Related to General Project Risks

  • BUILDER’S RISK FOR CONSTRUCTION RENOVATION PROJECTS If the project is CONSTRUCTION RENOVATION of an existing structure, and the State has already determined that Contractor will not be obligated to obtain and maintain Builder’s Risk insurance, then the following provisions apply: (1) The State will maintain property insurance upon the construction site and will not require Contractor to purchase and maintain Builder's Risk Insurance upon the entire work at the site. (2) The decision of the State to waive the requirement that the Contractor maintain builder’s risk coverage does not waive Contractor’s liability for damage to the State’s real and personal property. Contractor’s liability for loss to the State’s real and personal property will be limited to the first $100,000 of each and every property loss at the work site provided such loss is covered under the State’s property insurance coverage. If the Contractor elects to meet this obligation by purchase of commercial insurance, this insurance shall name the Contractor and the State of Vermont as Named Insureds and shall include the interests of the Contractor and Subcontractors. Other parties shall be insured as the State may reasonably require. (3) Contractor shall effect and maintain insurance on portions of the work stored off-site, on site and in transit. Boiler & Machinery Insurance may be used in conjunction with this coverage if it is required to meet the testing requirement. The cost of any deductible applicable to loss covered by insurance provided hereunder shall be borne by the Contractor. (4) Except as provided for in 11.2.2 (1)-(3) above the State and Contractor waive all rights against each other and the Subcontractor, Sub-subcontractors, agents and employees of the other.

  • BUILDER’S RISK FOR NEW CONSTRUCTION PROJECTS If the project is NEW CONSTRUCTION, then the following provisions apply: (1) The State will require Contractor to purchase and maintain Builder's Risk Insurance. The Contractor shall name the Contractor and the State of Vermont as their interest may occur. Other parties shall be insured as the State may reasonably require. (2) Contractor shall effect and maintain insurance on portions of the work stored off-site, on site and in transit. Boiler & Machinery Insurance may be used in conjunction with this coverage if it is required to meet the testing requirement. (3) Any deductible applicable to loss covered by insurance provided hereunder shall be borne by the Contractor. (4) Except as provided for in (1) above the State and Contractor waive all rights against each other and the Subcontractor, Sub-subcontractors, agents and employees of the other.

  • 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.

  • Project Construction The Contractor agrees to provide continuous on-site supervision on each Job Order, while progress on the project is being accomplished. The Contractor’s Project Manager will ensure: 1. Coordination and providing supervision to all Subcontractor and workers; 2. Posting of the prevailing wage scale; 3. Maintaining a copy of the Contractors safety program manual made available to all construction personnel; 4. Conducting weekly on-site safety meetings; 5. Completing the daily labor and construction progress log on a daily basis and submit copies to the County on a daily basis. Copies of the previous day’s reports must be submitted by 9:00AM of the following day. a. Daily labor log is to include a listing of Subcontractor(s) and a count of workers by trade providing services for the day. b. Construction progress log is to include a narrative of the Work provided by trade(s). Narrative agrees to include the various areas of the jobsite where Work was performed and any problems or conditions that were encountered. c. In the event the Contractor fails to provide a daily log and/or construction progress log, the County may impose damages against the Contractor in the amount of fifty dollars ($50.00) for each log and deduct from the Contractor’s payment request, for each day the Contractor does not provide the documentation. 6. County may suspend Contractor operations if no Contractor Superintendent is observed. All delays caused by the suspension will be the responsibility of the Contractor. No time extension or claims for cost(s) associated with the suspension will be granted by the County.

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