RISK AND CONTINGENCY MANAGEMENT Clause Samples

RISK AND CONTINGENCY MANAGEMENT. As a measure of good practice, the Contractor is expected to maintain an up to date Risk Management Plan as well as a Contingency Plan. These documents shall be made available to the Authority within 10 business days of written request. The Risk Management Plan should, at a minimum, include detailed consideration of all potential Risks that could impact the performance of this Contract, with reference to the severity and the likelihood of the Risk occurring; its potential cost, time and reputational impact and an evaluation of reasonable mitigations for the Risks. The Contingency Plan should detail the Contractor’s course of action in response to a significant future event or situation that could impact performance of the Contract. This should include; identification of available resources, identification of potential Risks, a step by step action plan that will be initiated as a result of the occurrence of the event (or Risk), who is responsible for the action and its cost and time implications. In order to be effective both the Risk Management Plan and the Contingency Plan need to be regularly reviewed and updated and distributed to all stakeholders that are accountable for an action within them.
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Related to RISK AND CONTINGENCY MANAGEMENT

  • Dimensions Education Bachelor’s or Master’s Degree in Computer Science, Information Systems, or other related field. Or equivalent work experience. A minimum of 10 years of IT and business/industry work experience, with at least 3 years of leadership experience in managing multiple, large, cross-functional teams or projects, and influencing senior level management and key stakeholders. Requires advanced technical and business knowledge in software development life cycle, quality assurance, project management and other related disciplines/processes.

  • General The Trustee shall keep proper books of record and account of all the transactions of each Trust under this Indenture at its corporate trust office, including a record of the name and address of, and the Units issued by each Trust and held by, every Unit holder, and such books and records of each Trust shall be open to inspection by any Unit holder of such Trust at all reasonable times during the usual business hours. The Trustee shall make such annual or other reports as may from time to time be required under any applicable state or federal statute or rule or regulations thereunder.

  • General Provisions This Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a signature page of this Assignment and Assumption by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall be governed by, and construed in accordance with, the law of the State of New York.

  • Notice The undersigned beneficial owner (the “Selling Stockholder”) of Registrable Securities hereby elects to include the Registrable Securities owned by it in the Registration Statement. The undersigned hereby provides the following information to the Company and represents and warrants that such information is accurate:

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.