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;
Sample 1Sample 2
Project Risk. Construction, commodity price, offtake and currency risk.
Sample 1
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.
Sample 1

Examples of Project Risk in a sentence

  • BID manager £35k + 12% on costs, Apprentice/P/T Assistant £15,000 +12% on costs plus £1500 grant – see staff under overheads.

  • The Department may elect to observe risk identification workshops;The Design-Builder’s Quality Manager shall provide a copy of the RMP and the Unified Project Risk Register to the Department within 75 days after NTP.

  • The Borrower Rating is determined first, which is based on assessment of Industry Risk, Business Risk, Management Risk and Financial Risk along with Project Risk / Conduct of Account (if applicable).

  • Any and all items fitting this category will be identified separately in a CAP by CDOT and the CM and will be monitored for progress and cost by CDOT.In developing this shared risk contingency pool, CDOT may agree to share cost savings in construction (not attributed to any reduction in the scope of work or reduction in operating performance for the corridor) that may occur after a GC CAP has been negotiated with the Contractor and as agreed to in the executed Project Risk Register.

  • 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.

  • Project Risk Management Guidelines: Managing Risk in Large Projects and Complex Procurements.

  • Proposers shall provide a Project Risk Assessment plan, identifying potential project risks beyond the control of the GC/CM and strategies to mitigate these risks.

  • The Contractor shall, as a part of Risk Analysis Submittal, prepare a detailed Project Risk Register (PRR), identifying each risk items, risk assessment and its response plan.

  • Monthly status reports provided to the Project Manager, the reports should include, but not be limited to:(a) Progress on tasks since previous report;(b) Expected progress for the next period;(c) Project schedule update;(d) Project budget update;(e) Identify potential problems, risks and concerns; and(f) Key stakeholder relations update.D5.5 Develop a Project Risk Management Plan, identifying risks and appropriate mitigation recommendations, as they relate to the successful completion of the Project.

  • The deployment of Project Risk Management (PRM) framework has enabled effective control over project costs.


More Definitions of Project Risk

Project Risk. 7: Change of Key Personnel from UNDP. Actions taken: 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.
Sample 1
Project Risk. 8: Engineers not sufficiently on site for monitoring. Actions taken: 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.
Sample 1

Related to Project Risk

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • Project Property means the real property on or for which preconstruction service or construction work is or will be provided.

  • The Works/Project means the works to be executed or done under this contract.

  • Project Water means water made available for delivery to the contractors by project conservation facilities and the transportation facilities included in the System.

  • Commercial project means any project, including, but not

  • Projects means the projects identified in Exhibit A to the Agreement and all other projects, any costs of which are included in a Transitional Capital Plan pursuant to the Act or are Recovery Costs, and financed, by payment or reimbursement, with the proceeds of Bonds or Notes.

  • operational risk means the risk of loss for the individual portfolio resulting from inadequate internal processes and failures in relation to people and systems of the investment service provider or from external events, and includes legal and documentation risk and risk resulting from the trading, settlement and valuation procedures operated on behalf of the individual portfolio;

  • Project Work means the work required to complete the Project.

  • Infrastructure Improvements means a street, road, sidewalk, parking facility, pedestrian mall, alley, bridge, sewer, sewage treatment plant, property designed to reduce, eliminate, or prevent the spread of identified soil or groundwater contamination, drainage system, waterway, waterline, water storage facility, rail line, utility line or pipeline, transit-oriented development, transit-oriented property, or other similar or related structure or improvement, together with necessary easements for the structure or improvement, owned or used by a public agency or functionally connected to similar or supporting property owned or used by a public agency, or designed and dedicated to use by, for the benefit of, or for the protection of the health, welfare, or safety of the public generally, whether or not used by a single business entity, provided that any road, street, or bridge shall be continuously open to public access and that other property shall be located in public easements or rights-of-way and sized to accommodate reasonably foreseeable development of eligible property in adjoining areas. Infrastructure improvements also include 1 or more of the following whether publicly or privately owned or operated or located on public or private property:

  • Sustainability Risk means an environmental, social or governance event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of the investment;

  • Project Improvements means site improvements and facilities that are:

  • Project Engineer means the surveyor or engineer employed by or private

  • Project Data means all proprietary data of the Project generated out of the Project operations and transactions, documents and related information including but not restricted to user data which the Bidder obtains, possesses or processes in the context of providing the Services to the users pursuant to this RFP including the SLA;

  • Critical infrastructure means existing and proposed systems and assets, whether physical or virtual, the incapacity or destruction of which would negatively affect security, economic security, public health or safety, or any combination of those matters.++

  • Infrastructure improvement means permanent infrastructure that is essential for the public health and safety or that:

  • Project Revenue means all net rents, proceeds, revenue and other income derived by the City by virtue of any lease, sale, conveyance or other disposition of any part of the Project, plus all sums received by the City as a result of damage to or destruction or condemnation of the Project, but shall not mean any part of the Tax Revenue.

  • Project Revenues means revenues derived from the service of Project Water to Contractors and others, and from the sale or other disposal of electrical energy generated in connection with operation of Project Facilities.

  • Development Project means a project for the development of land within a

  • Green infrastructure means a stormwater management measure that manages stormwater close to its source by:

  • Project Equipment means the items of machinery, equipment or other personal property used in connection with the construction and development of the Project pursuant to the provisions hereof, and all replacements thereof and substitutions therefor made pursuant to this Agreement.

  • Supply chain risk means the risk that an adversary may sabotage, maliciously introduce unwanted function, or otherwise subvert the design, integrity, manufacturing, production, distribution, installation, operation, or maintenance of a covered system so as to surveil, deny, disrupt, or otherwise degrade the function, use, or operation of such system (see 10 U.S.C. 2339a).

  • Construction Phase Services means the coordination, implementation and execution of the Work required by this Agreement, which are further defined in Article 8.

  • Project Completion means completion of the Redevelopment in accordance with this Agreement to the state where the whole of the Morley Shopping Centre, as so redeveloped, is capable of occupation for its intended purpose;

  • Project Assets means all physical and other assets relating to and forming part of the Site including:

  • Low risk means normal, uncomplicated prenatal course as determined by adequate prenatal care and prospects for a normal, uncomplicated birth as defined by reasonable and generally accepted criteria of maternal and fetal health.

  • Contractor’s Equipment means all apparatus, machinery, vehicles and other things required for the execution and completion of the Works and the remedying of any defects. However, Contractor’s Equipment excludes Temporary Works, Employer’s Equipment (if any), Plant, Materials and any other things intended to form or forming part of the Equipment.