Risk Maturity Model Sample Clauses

Risk Maturity Model. Description: This maturity model was created to address the gap found on the implementation of risk management in organizations. Despite there being unanimity on the relevance of risk management, successful implementations of risk processes in organizations are sparse [19]. This maturity model consists of four maturity levels which are then linked to four attributes detailing specific criteria for culture, process, experience and application. Aim: Provide a framework to which organizations that are implementing formal risk management or wish to improve their current approach can benchmark their current state of risk management practice. Scope: Generic to Risk Management. How to Assess: Self-assessment questionnaire. Term used to name of the Attributes: Attributes. Attributes (4): Culture; Process; Experience; Application. Table 19. Summary of the Risk Maturity Model levels Level Name Description 1 Naïve The organization does not recognize the need for risk management. There is no approach to deal with uncertainty. Management processes are reactive and repetitive. There is no effort or just little effort to learn from the past and prepare to the future.
Sample 1
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Related to Risk Maturity Model

  • Interest Rate Risk When the interest rate rises, the price of a fixed rate bond will normally drop. If investors want to sell their bond before it matures, they may get less than their purchase price.

  • Pricing The Contractor will not exceed the pricing set forth in the Contract documents.

  • GSA Benchmarked Pricing Additionally, where the NYS Net Price is based upon an approved GSA Supply Schedule:

  • Loan Terms The Loan will be evidenced by the Note and will bear interest and be paid in accordance with the payment terms set forth in the Note.

  • Pricing Schedule 7.1. The Pricing Schedule sets out details of the pricing of the Services.

  • TYPES OF CONTRACT MODIFICATIONS In order to expedite processing of a contract modification, where proposed changes involve more than one category below, each change should be submitted to OGS as a separate request.

  • FIRM DISCOUNT AND PRICING STRUCTURE Contractor guarantees that prices quoted are equal to or less than prices quoted to any other local, State or Federal government entity for services of equal or lesser scope. Contractor agrees that no price increases shall be passed along to the County during the term of this Contract not otherwise specified and provided for within this Contract.

  • PRICING STRUCTURES Licenses and Support Services for the Licensed Programs to which this OST applies are granted according to the pricing structures mentioned in the related Transaction Document. Standard pricing structures are defined in the section “DEFINITIONS” of this OST, even though those pricing structures may not be applicable to the DS Offerings to which this OST applies. Other pricing structures may be made available on a case-by-case basis.

  • Due Dates If the payment due date falls on a Sunday or on a holiday that is observed on a Monday, the payment due date shall be the first non-holiday day following such Sunday or holiday. If the payment due date falls on a Saturday or on a holiday which is observed on Tuesday, Wednesday, Thursday, or Friday, the payment due date shall be the last non-holiday day preceding such Saturday or holiday. If payment is not received by the payment due date, a late payment charge, as set forth in Section 1.4.1.2, below, shall apply.

  • Financial Model 37.1 Unless otherwise agreed between the parties, any amendments to the Financial Model shall reflect, be consistent with and be made only in accordance with the provisions of this Agreement, and shall in all cases be subject to the prior written approval of the Authority (such approval not to be unreasonably withheld or delayed). In the event that the parties fail to agree any proposed amendments to the Financial Model, the matter shall be referred for resolution in accordance with Schedule Part 20 (Dispute Resolution Procedure).

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