PERFORMANCE AUDIT OF PUNJAB SKILL DEVELOPMENT FUND (PSDF).
Financial Year : 2013 - 2014
Client: DFID Pakistan
Type: Operations, Technologies, Development Sector
We have carried out the Performance Audit of PSDF. The purpose of the audit is to assess the existing setup and its capacity to deliver the scale up to the whole of Punjab. The scope entailed, appraisal of the existing institutional arrangement, management systems and process flows of the PSDF. Further, assessing the extent to which the PSDF operation has achieved its goals and objectives in an effective, efficient and economical manner. The scope of work for the Institutional Assessment entails:
Conduct a structured to gauge views of the PSDF Board, management and staff on the goals, objectives and future vision for the Fund. The exercise will define the PSDF vision, goals and objectives to guide existing operations as well as the scale up phase.
Assess the institutional arrangement of PSDF as a Section 42 company and compliance with legal requirements vis-a-viz institutional structure, codes of conduct, standard operating procedures, process flows and rules of business. Also review the degree of autonomy exercised and checks and balances in place in the financial, management, implementation, and accountability matters.
Review governance and management structures of PSDF in relation to its agenda; including the value addition of the private sector representation in the Board and the management of and delivery by PSDF. This will also cover internal communication channels and practices, reporting hierarchies, information creation and its role in management decision making, and systems available to the PSDF Board to perform its oversight and strategic planning role.
Assess the degree of organizational integration and systems harmonization to facilitate smooth flow of programme activities and the attainment of programme objectives. This would cover key functions pertaining to programme planning and strategic development, programme implementation, quality assurance, information management, monitoring and evaluation, procurement, financial management, legal, and human resource.
Analyze the quality and efficacy of PSDF arrangements dedicated to enhance systems accountability and transparency. This among others would cover control and accountability mechanisms, quality assurance, monitoring and evaluation systems, beneficiary tracking and outreach.
Conduct a human resource assessment (including incentive structures) of PSDF in relation to roles and responsibilities of key positions, the broader agenda of the PSDF, and scale up plans. Provide the human resource requirements capacity building framework for PSDF with the objective to efficiently meet existing and future (including scale-up) needs. PEOP is a GFBP 55 million program jointly funded by DFID and Government of Punjab by providing GBP 25 each and an additional GBP 5 million as technical assistance by DFID.