Project Risks Sample Clauses
The 'Project Risks' clause defines how potential uncertainties and adverse events that could impact a project's objectives are identified, allocated, and managed between the parties involved. Typically, this clause outlines which party is responsible for specific types of risks, such as delays due to unforeseen site conditions, regulatory changes, or supply chain disruptions, and may require the implementation of risk mitigation strategies or insurance. Its core practical function is to allocate responsibility for various risks, thereby reducing disputes and ensuring that both parties are aware of and prepared for potential challenges during the project's execution.
Project Risks.
5.1 Subject to the terms of and save as otherwise provided in, in each case, this Agreement:
(a) the Concessionaire shall be solely responsible to bear all the risks originating directly or indirectly from the Project; provided, that FBR shall use its best endeavors to facilitate the Concessionaire to mitigate the effects of the aforesaid risks; and
(b) FBR shall bear the risks of the Compensation Events; provided, that the Concessionaire shall use its best endeavors to facilitate FBR to mitigate the effects of the aforesaid risks.
5.2 Notwithstanding contained to the contrary in the Agreement:
(a) the Concessionaire, inter alia shall exclusively bear the risks of demand risk, foreign exchange and cost & time overruns, all commercial risks, design, construction, performance and insurance risks; and
(b) FBR shall share the risk of Change in Law, Force Majeure and political risk. 6 PARTIES REPRESENTATIONS WARRANTIES, OBLIGATIONS AND COVENANTS
Project Risks. Change Management is critical to the success of any deployment. Customer must identify a change management leader early in the Project to ensure that communication and education relating to the Workday Service is provided. • Participation of Customer business process decision makers, subject matter experts and business analysts is vital to the success of the Workday Service deployment. Customer must identify individuals from each geographic area, country, and/or business unit who possess the correct business knowledge, process knowledge and/or industry knowledge to participate on the Project team. • Timely decision making is critical to the progress and ultimate success of the deployment. When a decision cannot be made through consensus, the Project management team must escalate the decision through Workday’s Engagement Manager and Customer’s Executive Sponsor to avoid impacts to timeline and costs. • Many Project delays can be attributed to Customer’s challenges in cleaning and converting its data to load into the Service. Customer must prioritize this activity to avoid impacts to timeline and costs.
Project Risks. Change Management is critical to the success of any deployment. Customer must identify a change management leader early in the Project to ensure that communication and education relating to the Workday Service is provided. Workday will support Change Management as specified in Appendix X, if these additional add-on Services have been purchased by Customer. • Participation of Customer business process decision makers, subject matter experts, and business analysts is vital to the success of the Workday Service deployment. Customer must identify individuals from each geographic area, country, and/or business unit who possess the correct business knowledge, process knowledge and/or industry knowledge to participate on the Project team. • Timely decision making is critical to the progress and ultimate success of the deployment. When a decision cannot be made through consensus, the Project management team must escalate the decision through Workday’s Engagement Manager and Customer’s Executive Sponsor to avoid impacts to timeline and costs. • Many Project delays can be attributed to Customer’s challenges in cleaning and converting its data to load into the Service. Customer must prioritize this activity to avoid impacts to timeline and costs.
Project Risks. I understand that participation in the Project involves risks that Yale cannot eliminate, including, among others, risk of property damage, illness, bodily injury, permanent disability, and death. [list other risks specific to Project, e.g., transportation involved, use of equipment, etc.] Assumption of Risk. I voluntarily take responsibility for all risks of participating in the Project. Release. I release Yale from all legal and financial responsibility for any harm that I, or my property might suffer as a result of my participation, even if the harm is caused by Yale’s negligence.
Project Risks. ● Identify the risks to the success of your project. Utilize the following guiding questions to structure the approach to risk identification. Consider your project’s risk holistically and add any necessary project-specific risks and mitigation measures. For each risk identified, explain the steps to mitigate those risks (before or during the project). We encourage you to use the ROAM Framework. ● Stakeholder risks ○ Who needs to contribute data to the solution? How likely are they to do so? ○ Who needs to utilize the solution? How likely are they to adopt it? What barriers to adoption are anticipated? ● Personnel risks ○ Are there key personnel on your team or on vendor teams who hold critical and unique knowledge? ○ Are there vendor relationships where the vendor has disproportionate leverage or lock-in? ○ Are there any ambiguities in your definition of “done” that could lead to misalignment between project goals and implementation expectations? ● Implementation risks ○ Will aspects of the system involve new technologies? ○ Will the system be required to process data at a larger scale than your current systems? ○ Does the completeness or format of the data itself present any significant challenges? ○ Which parts of the proposal are most likely to run over budget (time or cost)? ● Collaboration risks ○ If you are collaborating with another port, what challenges might arise in gathering consensus on decisions? What processes will you set up to resolve those? ● Risks to standardization and interoperability ○ Are there any datasets involved in your proposal that do not have a clear standard already available? If so, how do you plan to keep your implementation aligned with what other ports or stakeholders in the ecosystem will build?
Project Risks. Describe project risks and how they will be avoided or mitigated. Please consider all risks though to impact, including technical, regulatory and market risks.
Project Risks. A security assessment can potentially identify issues that due to their nature need to be addressed before deployment of the subject. Parties are aware that this may impact project timelines.
Project Risks. For each of the risks identified in Section A-2 of RFP Appendix B – Project Proposal Submission Form, the Proponent must assess whether the risk was encountered during the Project, what impact it may have had on the Project implementation or outcomes, what mitigative measures were employed to reduce the likelihood or impact of the risk, and what additional measures, if any, could have been taken to further reduce the likelihood or impact of the risk. The Proponent must identify any unforeseen risks which arose during the Project, what impacts they may have had on the Project implementation or outcomes, what mitigative measures were employed to reduce the impact of the risk, and what additional measures, if any, could have been taken to further reduce the likelihood or impact of the risk.
Project Risks. 2.4.1. Aspects of this project that should be considered risks include the following:
2.4.1.1. Soil management associated with handling spoil materials during roadside excavation; ▇.▇.▇.▇.▇▇▇▇ taking place through agricultural lands, along and through wetland areas, and the environmental considerations associated with those efforts;
Project Risks. (a) Unless otherwise provided in this deed including, without limiting clause 26.1(b), the Developer accepts all risks in connection with the Project, including as to:
(i) carrying out all elements of the Project;
(ii) the Site Conditions, except to the extent provided in clause 26.1(b);
(iii) whether or not the Development Land is suitable for the Project and the Works;
(iv) Environmental Liabilities except to the extent provided in clause 26.1(b);
(v) whether the actual Cost of the Project is greater than the Cost of the Project as estimated by the Developer;
(vi) whether the actual revenue and profit derived by the Developer from the Project is less than the revenue and profit from the Project estimated by the Developer; and
(vii) obtaining all necessary Approvals and additional consents from Public Authorities and third parties.
(b) The Developer must, prior to the date of execution of the Building Contract, prepare and provide to the State a plan which describes the Developer’s required responses to deal with COVID-19 in relation to the conduct of the Works, which plan must deal with:
(i) steps designed to promote worker safety and minimise infection and hygiene risk to employees involved in the Works;
(ii) use of social distancing, PPE and other appropriate measures where appropriate;
(iii) employee training in relation to COVID-19 matters;
(iv) management of supply chain risks arising from COVID-19; and
(v) the Developer’s management and governance strategies to deal with the strategies contained in the plan.
