Stage Gate definition
Examples of Stage Gate in a sentence
If the Stage Gate Review Committee determines that the Stage Gate was not completed, CEPI shall promptly discuss with Awardee potential actions to be taken in order to complete such Stage Gate.
Stage Gate Funding As applicable, Grant Awards will be distributed incrementally over a time period and subject to conditions described in the Grant Agreement (as further defined) and in a manner that is appropriate for each winning solution.
Stages (clause 5) [Optional clause] [Drafting note: Insert details of Stage Gate Review if the Stages clause is being used.
Awardee shall use Commercially Reasonable Efforts to undertake the Project as described in the iPDP, including achieving the milestones and timelines of each Work Package and achieving each Stage Gate within the agreed timeframe, it being understood that neither Party can assure a positive technical outcome for any Work Package.
CEPI shall notify Awardee of the Stage Gate Review Committee’s decision as soon as possible, but no later than twenty (20) Business Days after the meeting date..
Unless otherwise addressed in a Work Package for a given Stage Gate, when Awardee believes that a Stage Gate in a Work Package will be achieved in the near term, Awardee shall notify the JMAG promptly and provide relevant information (including the completion of a form provided by CEPI) and request a meeting of CEPI’s committee authorised to assess whether Stage Gates have been completed (the “Stage Gate Review Committee”).
CEPI will pay the Awardee in accordance with the Budget and the iPDP and, where applicable, upon completion of a Stage Gate (as determined pursuant to Clause 2.5).
Except for the Initial Lifetime Asset Management Plan, any Fixed Asset Management Costs for any Asset Management Work to be carried out in any Planning Period N and included in the applicable LAMP will be at the level of at least a Class 2 estimate and at Stage Gate CD3 in accordance with the BP Project Management Guidelines, as determined by the Generator acting in good faith.
For these projects, at each Stage Gate, a review is undertaken: assessing the project against its specified objectives at the particular stage in the project’s life cycle, identifying early the areas that may require corrective action and validating that a project is ready to progress successfully to the next stage.
The Stage Gate Committee (described above) also will be involved in Project oversight.