These reports will be provided to the Year 2000 Project Executive Sponsors and Advisory Committee, for distribution and discussion throughout executive and senior management, and posted to the Year 2000 web site. Legal Strategy Legal aspects of the Year 2000 include contractual relationships with technology vendors and other key vendors. Contracts should specify the Year 2000 compliance of products and the avoidance of business interruptions, and the liability for such. The Office of the General Counsel will also provide advice on Year 2000 terms for contracts initiated by the University. Contractual obligations affecting Year 2000 compliance will be monitored to quickly detect operating problems and identify risks.
Fourth priority is assigned to individual-use technology, including personal computers.
Risks include business or service interruptions, loss of data, dissatisfied customers, damaged reputations, financial loss and building or equipment problems. To manage these risks Year 2000 project managers will determine which systems are likely to fail and assess the costs of failure. They will reduce the risks through project planning and success strategies, and identify alternatives and contingency plans. Staff Retention Strategy Retention of key experienced technical staff involved in Year 2000 conversions of mission-critical systems is critical to the success of those projects. External Vendor Strategy External vendors will be relied on to provide Year 2000 compliant systems and technology as licensed to the University.