Critical Projects definition
Examples of Critical Projects in a sentence
Critical Projects will be excluded from Target Pricing unless otherwise agreed by Provider.
Company will identify Critical Projects to Provider using an appropriate high level of designation as agreed between Provider and Company to differentiate these from normal service requests and project requests.
Critical Projects are those projects that Company believes arise from a unique challenge, threat or opportunity to Company’s business and will, as deemed necessary by Company, supersede other, lower priority activities.
Company may, without penalty (other than Service Level relief to the extent set forth in the Service Levels and Service Credits Schedule and costs paid to Provider as set forth in Section 5.3), (i) reallocate priorities among existing Company projects to secure the necessary resource(s) to service Critical Projects and (ii) secure additional resources necessary to staff any remaining resource deficiencies related to the Critical Project, including hiring scarce skill contractors as the need dictates.
This Projects Schedule describes the Project Management Process and the process applicable to Critical Projects.
In the event Company reallocates resources assigned to Non-Critical Projects in order to service Critical Projects, the Parties will mutually re-examine target pricing commitments and baselines for such Non-Critical Projects as necessary.