No assurance to proceed

Limited Assurance to proceed

Full Assurance to proceed

Individual Issue/Risk Assessment & Assurance statement

RED

MOD PFU recommends that the functional lead assuror provides NO assurance that the PFI contract will be (or continues to be) [viable/desirable/achievable40] where [insert assurance issue/risk statement from Annex A].

AMBER

MOD PFU recommends that the functional lead assuror provides LIMITED assurance that the PFI contract will be (or continues to be) [viable/desirable/achievable] where [insert assurance issue/risk statement from Annex A].

GREEN

MOD PFU recommends that the functional lead assuror provides FULL assurance that the PFI contract will be (or continues to be) [viable/desirable/achievable] where [insert assurance issue/risk statement from Annex A].

Overall Issue/Risk Assessment

1. The issues / risks to delivery of the next phase of the investment proposal have not been identified and an agreed assurance plan established.

and/or

2. The level of unmitigated risk/issues is unacceptable

and/or

3. The assurance evidence fails to address mandated assurance requirements.

1. The issues / risks identified in the assurance evidence indicate a level of risk that is likely to threaten delivery within the approval parameters.

1. The agreed issues / risks are fully mitigated by the assurance evidence or

mitigated with the exception of minor risks for which agreed mitigation is in the course of completion.

Overall Assurance statement

RED

1. Assurance has not taken place against an agreed assurance plan

and/or

2. The unmitigated risks/issues identified below are considered to be unacceptable and must be mitigated/ resolved before progression of the investment proposal can take place.

Risks/Issues:…………

Predicted Impact without Mitigation: ……..

and/ or

3. The following mandated assurance requirement has not been met -

Mandated Assurance Requirement: ………….

AMBER

Assurance has identified the following major risks /issues remain unmitigated and must be considered prior to endorsement/approval:-Risks/Issues:…………

Predicted Impact without Mitigation: ……..

GREEN

Assurance has confirmed all major risks / issues to delivery have been identified and mitigated.

The following agreed minor risks are in the course of being mitigated and are not considered to prevent progression of the investment proposal.

…………