An approval is a judgement about a moment. Models change, use spreads, and volumes grow. This reassesses on a cycle set by risk rather than approving once and forgetting.
What's Included
- A review cycle set by risk level not one interval for everything.
- What changed since approval captured explicitly.
- Approval that can be withdrawn which makes governance real.
- An assistant that compares actual use against what was approved.
How To Use
- Set the cycle by risk. Low risk cases do not need quarterly attention.
- Ask what changed, not whether it is still fine.
- Be willing to withdraw approval. Otherwise review is theatre.
- Reassess immediately when a vendor materially changes a model.
Feed it from the execution log, and reassess with risk assessment.