The timetables to establish risk management infrastructure Sample Clauses

The timetables to establish risk management infrastructure. The Management Venture will present readiness to operate the risks management array and to maintain the required infrastructure, pursuant to its duties in the various risk management arrays (comprehensive and integrative) and pursuant to the details of the timetable set forth below: 1.8.1. The Management Venture will present within 45 days of the date of winning the tender the following matters: ▪ An orderly policy document that includes detailed reference to all the items set forth below: - Details of the agents in the internal risk management array of the Management Venture, their position and their fields of responsibility. - The principles of risks management in the Project, including reference to the various components in the internal risk management array which the Management Venture will maintain as Project manager (risks survey, mitigation plan, failure events reporting, definition of risk indicators) and to monitoring and control processes. - The definition of appetite to risk in the Project in detail, including the definition of indicators to inspect deviation from the definitions of appetite to risk, with sections of the various risk categories and in view of the goals of the Project. ▪ For the removal of doubt, all the items will be brought to the approval of the company. The presentation of the risks management system which complies with the functional requirements of this document including the timetable to the approval of the company for the assimilation processes and making the system usable. 1.8.2. The Management Venture will present within 60 days of the date of winning the tender the following matters: ▪ Carrying out and presenting a full risk survey including key risks and a proposal for a handling and mitigation plan (in its positions in the two risks management arrays).