Functions
-
Collectively consider and make observations and recommendations on each Investment Proposal to be considered by the Investment Board, including consideration of the Strategic Hub Observations report, Risk Report and any relevant appraisal.
-
Collectively challenge the content, assumptions and validation of Investment Proposals to be considered by the Investment Board.
-
Collectively provide observations and recommendations on conditions to apply to Funding Decisions.
-
To undertake a formal review of a project or programme if instructed to do so by the Investment Board or the Chair of the Investment Board.
-
To make recommendations to the Investment Board, on completion of a review, where reasonable, for Funding Recipients to complete a Change Request via the WMCA Assurance Process.
-
To instruct funding recipients to issue the necessary information required by the Panel as to the rationale behind any material delay or change in a project or programme, if instructed to do so by the Investment Board or the Chair of the Investment Board.
-
To undertake a review of project or programme performance and delivery if instructed to do so by the Investment Board or the Chair of the Investment Board.