Project Risk Management Sample Clauses

Project Risk Management. 7.2.11.1 The PMP shall contain an overview of the Risk Management processes, tools and Risk Register to be used by the Contractor.
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Project Risk Management. Project risk assessments were conducted through workshops for construction projects and commercial ventures costing more than RM100 million. This is to ensure that sufficient consideration was given to risks identified in the risk breakdown structure of respective projects. For projects costing RM100 million and below, risk assessment on project management controls were conducted using the existing TRIS pending completion of the new Project Risk Management System (PRiMS) that is jointly designed with ICT Division. Project management controls and mitigation plans were developed in line with TNB’s strategic objectives, key performance indicators and ISO 9001:2008 standard processes. During the year under review, more than ten risk assessment workshops were facilitated by EWRM Department with the respective project teams. EWRM Department is also working with several Project Risk Advisors and Insurance Brokers to obtain updated information from the insurance industry. In addition, this endeavour gives the assurance that TNB is taking necessary mitigating measures to address the issue of high insurance claims in several projects undertaken by its contractors.
Sample 1
Project Risk Management. 7.1 A risk management plan will be developed by the AFPP Manager. A preliminary risk table, with the management plan, including recommended risk responses, is presented in Appendix B of this project document. It will be updated and monitored by the AFPP Manager and used as a risk register.
Sample 1
Project Risk Management. Project risk management refers to the process to identify, analyze and cope with the project risk, in order to maximize the positive effect and minimize the negative effect: Risk identification: identify the risk that may affect on the project and compile a file on its characteristic. Risk quantification: assess possible results of the project through evaluating the risk and interaction among risks. Development of risk response measure: work out steps to expand opportunity and the threat response measures. Control of risk response: response to the change of risk during the project.
Sample 1
Project Risk Management. Impact Probability Management
Sample 1
Project Risk Management. In the course of project implementation, all risk factors of the project in different aspects shall be fully considered and reasonable measures shall be taken as soon as possible to minimize the losses incurred to the project. Based on our years’ project implementation experience, major risk factors of the project include: (1) Resource risk Resource risk arises when there is an imbalance between the supply and demand of human resources and technical resources for the Project. So it requires plenty of mutual communication, exchange, coordination and collaboration between the Employer and Party B’s personnel. The lack or change of project personnel will exert a huge effect on the Project. Therefore, the stability of human resources is extremely important to both parties to the Project. Countermeasures: we will try our best to provide a sufficient number of professional technicians. We will also strengthen the cultural construction of Project Team, and improve the cohesion of the Project to avert the risk of personnel change. (2) Cost risk Cost management is a key part of project management and control, and is intended to control project expenses and ensure completion of the project within the budget. Countermeasures: first of all, work out a project budget and use it as the basis for project cost control. Carry out project cost control through project expense reporting, cost analysis & control, and project budget adjustment.
Sample 1

Related to Project Risk Management

  • Risk Management Except as required by applicable law or regulation, (i) implement or adopt any material change in its interest rate and other risk management policies, procedures or practices; (ii) fail to follow its existing policies or practices with respect to managing its exposure to interest rate and other risk; or (iii) fail to use commercially reasonable means to avoid any material increase in its aggregate exposure to interest rate risk.

  • Administration and Risk Management Employees of Federated Advisory Services Company provide support to portfolio managers and other employees of affiliated advisers. Such services may include development of risk management programs, production of portfolio and compliance reports for clients and/or fund Boards, coordination of client portfolios and related fixed income trade execution implementation and administration, completion of required broker and custody documentation, development and documentation of operational procedures, coordination of proxy voting activities, on-site support of hardware and software, etc.”

  • Patch Management All workstations, laptops and other systems that process and/or 20 store PHI COUNTY discloses to CONTRACTOR or CONTRACTOR creates, receives, maintains, or 21 transmits on behalf of COUNTY must have critical security patches applied, with system reboot if 22 necessary. There must be a documented patch management process which determines installation 23 timeframe based on risk assessment and vendor recommendations. At a maximum, all applicable 24 patches must be installed within thirty (30) calendar or business days of vendor release. Applications 25 and systems that cannot be patched due to operational reasons must have compensatory controls 26 implemented to minimize risk, where possible.

  • Quality Management Grantee will: 1. comply with quality management requirements as directed by the System Agency. 2. develop and implement a Quality Management Plan (QMP) that conforms with 25 TAC § 448.504 and make the QMP available to System Agency upon request. The QMP must be developed no later than the end of the first quarter of the Contract term. 3. update and revise the QMP each biennium or sooner, if necessary. Xxxxxxx’s governing body will review and approve the initial QMP, within the first quarter of the Contract term, and each updated and revised QMP thereafter. The QMP must describe Xxxxxxx’s methods to measure, assess, and improve - i. Implementation of evidence-based practices, programs and research-based approaches to service delivery; ii. Client/participant satisfaction with the services provided by Xxxxxxx; iii. Service capacity and access to services; iv. Client/participant continuum of care; and v. Accuracy of data reported to the state. 4. participate in continuous quality improvement (CQI) activities as defined and scheduled by the state including, but not limited to data verification, performing self-reviews; submitting self-review results and supporting documentation for the state’s desk reviews; and participating in the state’s onsite or desk reviews. 5. submit plan of improvement or corrective action plan and supporting documentation as requested by System Agency. 6. participate in and actively pursue CQI activities that support performance and outcomes improvement. 7. respond to consultation recommendations by System Agency, which may include, but are not limited to the following: i. Staff training; ii. Self-monitoring activities guided by System Agency, including use of quality management tools to self-identify compliance issues; and iii. Monitoring of performance reports in the System Agency electronic clinical management system.

  • Construction Management Services a. A-E may be required to review and recommend approval of submittals, shop drawings, Request for Information (RFI) and/or calculations for temporary structures such as trench shoring, false work and other temporary structural forms. b. A-E may be required to review and advise the County Representative on the overall project schedule, including staging and completion dates, duration, milestones, and interfaces. Immediately notify Representative if the proposed work schedule does not conform to the contract documents, including the plans, specifications, and permits or that may require special inspection or testing, or work stoppage. c. Review on a monthly basis the project schedule and/or Critical Path Method (CPM) schedule submitted by the Construction Contractor. Make recommendations concerning the Construction Contractor’s adherence thereto. Recommend possible solutions to scheduling problems so as to complete the project on time, within budget, and in accordance with the contract drawings and specifications. d. Review scope of work and identify potential contract change orders. Prepare independent cost estimates for any changes resulting from design revisions or change in field conditions. Prepare and recommend for approval all contract change orders. e. Evaluate the merit of any potential claims or requests for equitable adjustment submitted by the Construction Contractor. Prepare analysis of potential claims include recommendations regarding settlement of the claims. f. Assist County staff in project related issues with other Agencies, or departments, engineering and material testing support firms, CEQA consultants, utilities agencies, etc. g. Assist in community outreach meetings and media relations h. Review for acceptance/approval of Storm Water Pollution Prevention Plan (SWPPP) in accordance with the general Permit of Discharges of Storm Water Associated with Construction Activity (Construction General Permit, including dewatering/diversion plans per the State’s DeMinimus Permit).

  • Procurement All goods, works and services required for the Project and to be financed out of the proceeds of the Financing shall be procured in accordance with the provisions of Section III of Schedule 2 to the Financing Agreement.

  • Liquidity Risk Measurement Services Not Applicable.

  • Banking Operations Enter into any new material line of business; change its material lending, investment, underwriting, risk and asset liability management and other material banking and operating policies, except as required by applicable law, regulation or policies imposed by any Governmental Authority; or file any application or make any contract with respect to branching or site location or branching or site relocation.

  • Contract Management To ensure full performance of the Contract and compliance with applicable law, the System Agency may take actions including: a. Suspending all or part of the Contract; b. Requiring the Grantee to take specific corrective actions in order to remain in compliance with term of the Contract; c. Recouping payments made to the Grantee found to be in error; d. Suspending, limiting, or placing conditions on the continued performance of the Project; e. Imposing any other remedies authorized under this Contract; and f. Imposing any other remedies, sanctions or penalties permitted by federal or state statute, law, regulation, or rule.

  • Quality Management System Supplier hereby undertakes, warrants and confirms, and will ensue same for its subcontractors, to remain certified in accordance with ISO 9001 standard or equivalent. At any time during the term of this Agreement, the Supplier shall, if so instructed by ISR, provide evidence of such certifications. In any event, Supplier must notify ISR, in writing, in the event said certification is suspended and/or canceled and/or not continued.

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