Queensland Rail has chosen Wynyard Group to help manage its governance, risk and compliance (GRC) program.
Queensland Rail is an integrated passenger and rail infrastructure business with annual revenue of more than A$1.8 billion. It has more than 6000 staff, A$7 billion in assets and over 7000 kilometres of track.
The risk management solution will help Queensland Rail establish a central repository for risk information across its business. Wynyard was chosen following a competitive tender process.
The company says its implementation consultants worked closely with key staff from Queensland Rail’s Risk, Internal Audit & Governance team to configure a solution that meets business requirements, is intuitive to users and is able to be implemented effectively over several phases.
Wynyard Risk Management addresses governance, operational risk management and compliance problems by assessing threats, managing risks and monitoring compliance with operating procedures, policies, regulations and legislation. It covers areas such as national threat assessment, enterprise risk management, corporate governance, regulatory and compliance. It is used by Dubai International Airport and Lloyd’s of London.
Wynyard Group Managing Director Craig Richardson said this latest win is a real coup for the company and a test of Wynyard’s capability to deliver.
“We understand the increasing governance, risk and compliance obligations that today’s critical national infrastructure companies must meet, and we have focused on providing a risk management capability to integrate GRC quality and performance measures into rapid, critical decision making,” he said.