Managing Performance & Risk Sample Clauses

The 'Managing Performance & Risk' clause establishes the procedures and responsibilities for monitoring, evaluating, and addressing the performance of parties under the agreement, as well as identifying and mitigating potential risks. Typically, this clause outlines how performance will be measured, the standards or benchmarks to be met, and the steps to be taken if performance falls short, such as corrective actions or reporting requirements. It may also specify risk assessment processes and assign responsibility for managing specific risks. The core function of this clause is to ensure that both parties are held accountable for their obligations and that potential issues are proactively managed, thereby reducing the likelihood of disputes or failures during the contract term.
Managing Performance & Risk. 8.1 In order to ensure that the process works effectively, a prerequisite of ‘soft’ approaches by all partners will be required, including: • Achieving cooperation • Clear objectives and shared vision • Effective communication • Conflict management • Effective management & leadership 8.2 All Working Groups should agree the required levels of interaction from individual partner agencies. Each Working Group should therefore consist of the representatives with the required authority to represent their relevant agency. Often, different representatives will attend Group meetings, however continuity of authority is essential within this forum if the partner agencies are to remain focused and deliver stated outcomes. 8.3 In addition, each partner agency should cooperate to ensure that allocation of resources is aligned to the successful delivery of outcomes. Once agreement has been achieved, it should be formalised to ensure the cooperation continues throughout the lifespan of KA2.
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Related to Managing Performance & Risk

  • Ongoing Performance Measures The Department intends to use performance-reporting tools in order to measure the performance of Contractor(s). These tools will include the Contractor Performance Survey (Exhibit G), to be completed by Customers on a quarterly basis. Such measures will allow the Department to better track Vendor performance through the term of the Contract(s) and ensure that Contractor(s) consistently provide quality services to the State and its Customers. The Department reserves the right to modify the Contractor Performance Survey document and introduce additional performance-reporting tools as they are developed, including online tools (e.g. tools within MFMP or on the Department's website).

  • Annual Performance Review The Employee’s performance of his duties under this Agreement shall be reviewed by the Board of Directors or a committee of the Board of Directors at least annually and finalized within thirty (30) days of the receipt of the annual audited financial statements. The Board of Directors or a committee of the Board of Directors shall additionally review the base salary, bonus and benefits provided to the Employee under this Agreement and may, in their discretion, adjust the same, as outlined in Addendum B of this Agreement, provided, however, that Employee’s annual base salary shall not be less than the base salary set forth in Section 4(A) hereof.

  • KEY PERFORMANCE INDICATORS 10.1 The Supplier shall at all times during the Framework Period comply with the Key Performance Indicators and achieve the KPI Targets set out in Part B of Framework Schedule 2 (Goods and/or Services and Key Performance Indicators).

  • Performance Monitoring ‌ A. Performance Monitoring of Subrecipient by County, State of California and/or HUD shall consist of requested and/or required written reporting, as well as onsite monitoring by County, State of California or HUD representatives. B. County shall periodically evaluate Subrecipient’s progress in complying with the terms of this Contract. Subrecipient shall cooperate fully during such monitoring. County shall report the findings of each monitoring to Subrecipient. C. County shall monitor the performance of Subrecipient against the goals, outcomes, milestones and performance standards required herein. Substandard performance, as determined by County, will constitute non-compliance with this Contract for which County may immediately terminate the Contract. If action to correct such substandard performance is not taken by Subrecipient within the time period specified by County, payment(s) will be denied in accordance with the provisions contained in this Paragraph 47 of this Contract. D. HUD in accordance with 24 CFR Part 570 Subpart O, 570.902, will annually review the performance of County to determine whether County has carried out its Community Development Block Grant (CDBG) assisted activities in a timely manner and has significantly disbursed CDBG funds and met the mandated “1.5 ratio” threshold. Subrecipient is responsible to ensure timely drawdown of funds.

  • Annual Performance Evaluation On either a fiscal year or calendar year basis, (consistently applied from year to year), the Bank shall conduct an annual evaluation of Executive’s performance. The annual performance evaluation proceedings shall be included in the minutes of the Board meeting that next follows such annual performance review.