Project Risk definition

Project Risk means any risk that a reasonable contractor would not have expected to arise on a project similar to the relevant Project as at the time of tender for appointment to the framework and which is specified in the relevant Mini-Invitation;
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Project Risk. 7: Change of Key Personnel from UNDP. o Maintained key technical personnel familiar with Project, example, the local recruited civil engineer and architect, through national individual consultant contracts; o Project Support Unit recruitments fast tracked for the IUNV and national positions; o Project Manager a.i., from the UNDP HIV, Health and Development (HHD) roster, remained in country as international consultant, to avoid any gap in Management, until the recruitment process for the staff position is finalized; o Global Fund Health Implementation Support Team and HHD team, from Copenhagen and Geneva, have been accompanying the Project and providing guidance and support.
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Project Risk means any failure of the Project to generate sufficient revenue to pay all operating costs and expenses of the Project and amounts owed under any Transaction Document by reason of events outside the exclusive responsibility and control of either the Lessor Group or the EPC Group, including without limitation, any Event of Force Majeure or the non-performance by Appendix I-26 or the commencement of Proceedings involving any party (other than by any member of the EPC Group or the Lessor Group) in connection with a Principal Project Agreement.
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Examples of Project Risk in a sentence

  • Details will be recorded in the Project WHS Plan and/or Project Risk Assessment.

  • Different projects, organizations and situations require a variety of approaches to risk management and there are several specific ways to conduct risk management that are in agreement with principles of Project Risk Management as presented in this practice standard.

  • Unless otherwise advised in writing by the GLA, the Project Risk Register Update is to be submitted on OPS no later than 14 days after the last day of each quarter.

  • An up to date Project Risk Log is to be submitted to the Authority in accordance with the reporting provisions within Schedule 5.

  • Practice Standard for Project Risk Management- Project Management Institute 2009-06-01 The Practice Standard for Project Risk Management covers risk management as it is applied to single projects only.

  • The Recipient will maintain a Project Risk Log throughout the Project Monitoring Period in a format satisfactory to the Authority.

  • Save to the extent necessary to reflect any Project Risk or enhanced requirement specified in the relevant Mini-Competition, no Partner shall be entitled to tender during any Mini-Competition any prices higher than those in the Price Framework.

  • As part of the Systems Engineering process, the CONSULTANT will assess the risk for proposed strategies, using the Project Risk Assessment and Regulatory Compliance Checklist (Form 750-040- 05).4 For low-risk elements, the completed Project Risk Assessment document will satisfy the systems engineering documentation requirement.

  • The County will provide the Contractor with a risk register template to develop a Project Risk Register.

  • Practice Standard for Project Risk Management-Project Management Institute 2009-06-01 The Practice Standard for Project Risk Management covers risk management as it is applied to single projects only.


More Definitions of Project Risk

Project Risk. Construction, commodity price, offtake and currency risk.
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Project Risk. 8: Engineers not sufficiently on site for monitoring. o UNDP national experienced Civil Engineer recruited to monitor closely the Medical Warehouse Project daily on site and with responsibility for this contract management; o UNDP international UNV experienced with GF Health infrastructure projects recruited to oversight all civil works projects; with cumulative responsibility of TB civil works contract management; o UNDP independent Warehouse Specialist continues to be engaged in critical phases, for example, to revise and recommend on the technical proposal of selected construction company, advising on special conditions to be included in the contract, as risk management measure; o UNDP independent Warehouse Specialist and/or a Quantity Surveyor will visit Mozambique, Chimoio, to evaluate the progress of construction, and the missions will match with critical milestones of civil works, identified by UNDP Engineers; o National supervision companies are being engaged; o Monthly joint monitoring and supervision missions are planned, and the team will be formed by UNDP Engineer, MoH Engineer and CMAM representative (Engineer). Both MoH-CMAM Engineers are members of Project Board, to promote transparency during the progress reports presentation to MoH, namely done in the quarter Project Board meetings.
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