WCQ646 Risk Advisory Services

Summary and scope

WorkCover is embarking on a comprehensive 2030 Strategy to enhance its processes, practices, and systems, guided by its vision to be the leading workers’ compensation insurer and to make a meaningful difference in people’s lives. As part of this strategy, WorkCover has identified an opportunity to strengthen risk maturity - an important step in realising its vision and ensuring the success of the 2030 Strategy. To achieve this uplift there are two (2) key projects: The Risk Frameworks Project (Project) will uplift enterprise risk capability by delivering key strategic enablers. This is a pre-requisite to a broader strategic initiative under the Risk Maturity Uplift Project. The Risk Maturity Uplift Project will focus on developing and implementing enhanced risk procedures and improving the existing Governance, Risk and Compliance (GRC) system. This project is still to be scoped and planned and does not form part of the scope of this engagement. The Risk Framewor...