The Burnet Institute has implemented WynRisk to meet its Operational and Enterprise risk requirements. For Burnet, the major benefits that have resulted include consistency, visibility, and risk ownership.
Part of their Capital Development Infrastructure Project was to identify capital development risks, key controls and document future strategies. For this process, the WynRisk tool ensured that risk methodology was followed to produce reports to the Organisation’s Governance Committees.
Background
The Burnet Institute is a leading Australian medical research and public health organisation focused on improving the health of resource-poor and vulnerable groups. The Institute conducts field-based research into multidisciplinary programs to prevent, detect and treat diseases of global significance, an approach which allows them to make a tangible and sustainable impact on health in both developed and developing countries.
Burnet has four Centres – Virology, Immunology, Population, Health and International Health, representing the key areas of Burnet’s research.
WynRisk
WynRisk was used to assist Burnet complete the risk profile for the Capital Development Infrastructure Project, which detailed previously identified capital development risks, listed the key controls and processes for managing the identified risks, detailing key future risk management strategies and identifying any other capital development risks.
Other project objectives were to identify risks that need to be managed by the Organisation’s Governance Committees and the risks that will be managed by parties outside Burnet (including the links to internal Committees). Also to ensure that the risk profile clearly articulates the complex risks associated with ownership/leasing and financial arrangements of the building/infrastructure.