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Comprehensive Performance Assurance Framework: Establishing and Managing Stakeholder Engagement

The Performance Assurance Framework (PAF) is designed to establish, manage, and optimize a performance assurance scheme for industry stakeholders. It includes key deliverables such as defining scheme principles, establishing governance routes, monitoring stakeholder performance, and capturing risks. This framework aims to educate and support stakeholders while ensuring continuous improvement through feedback and data analysis. By engaging with industry participants, the framework evolves strategically to meet changing requirements and enhance overall performance outcomes.

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Comprehensive Performance Assurance Framework: Establishing and Managing Stakeholder Engagement

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  1. Performance Assurance Framework Board 1) Establish & Identify Scheme 2) Manage Performance Assurance Scheme 3) Operate the Framework 4) Review & Modify Scheme Deliverables 5) Evolve Scheme 6) Support Industry Stakeholders 1.1) Define Scheme Principles 2.1) Monitor Industry Stakeholder Performance 3.1) Maintain PAF Committee Stakeholders 4.1) Obtain Industry Feedback 5.1) Manage Change Requirements 6.1) Educate & Support Industry Stakeholders 1.2) Establish Governance Route 2.2) Monitor Industry Reporting 3.2) Analyse Data 4.2) Review the Framework 5.2) Review Framework Committee 6.2) Engage & Consult with Industry Stakeholders 1.3) Define Objectives 2.3) Capture, Evaluate & Manage Risk 3.3) Report Performance 4.3) Review Scheme Operation 5.3) Publish Review Findings 1.4) Identify Industry Stakeholders 2.4) Set & Publish Performance Targets 3.4) Incentive Settlement 1.5) Define Participant Roles

  2. 1) Establish & Identify Scheme 1.1) Define Scheme Principles 1.2) Establish Governance Route 1.3) Define Objectives 1.4) Identify Industry Stakeholders 1.5) Define Participant Roles

  3. 2) Manage Performance Assurance Scheme 2.1) Monitor Industry Stakeholder Performance 2.2) Monitor Industry Reporting 2.3) Capture, Evaluate & Manage Risk 2.4) Set & Publish Performance Targets

  4. 3) Operate the Framework 3.1) Maintain PAF Committee Stakeholders 3.2) Analyse Data 3.3) Report Performance 3.4) Incentive Settlement

  5. 4) Review & Modify Scheme Deliverables 4.1) Obtain Industry Feedback 4.2) Review the Framework 4.3) Review Scheme Operation

  6. 5) Evolve Scheme 5.1) Manage Change Requirements 5.2) Review Framework Committee 5.3) Publish Review Findings

  7. 6) Support Industry Stakeholders 6.1) Educate & Support Industry Stakeholders 6.2) Engage & Consult with Industry Stakeholders

  8. Additional Captured Items… Business Rules Requirements Risks / Issues / Assumptions

  9. Additional Captured Items continued… Car Park Next Steps

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