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Performance Assurance Techniques
The Performance Assurance Framework (PAF) is a complementary set of ‘preventive’,
‘detective’, ‘incentive’ and ‘remedial’ assurance techniques. These techniques are
used flexibly to address
Settlement Risks.
The techniques must address both risks to Settlement and the impact of actual failures
or errors in Settlement.
The Performance Assurance Board (PAB) produces a
Risk Operating Plans (133Kb)
each year which sets out the techniques it intends to use to address Settlement
Risks.
The Performance Assurance Techniques used in the PAF are shown in the diagram below.
Click on the relevant links in the diagram below for more information on each technique.
The PAF techniques are often described as, preventive, detective, remedial and incentive,
reflecting the manner in which they address risks and issues. These techniques are
summarised in the following table.