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Wool Stocktake : AWI Annual Report 2014-15
AWI has a research, development and marketing (RD&M) investment portfolio that appropriately considers a balance between short-term and long-term, low-risk and high-risk, strategic and adaptive research needs, and includes consideration of regional variations across the industry. The following diagrams are indicative of the focus between risk and timing of benefits from AWI's RD&M investments. The AWI investment portfolio is weighted towards low- and medium-risk programs. On-farm R&D strategies include much higher risk programs. Some marketing investments that are moving into the retail engagement phase are also viewed as higher risk. Low-risk investments are focused around delivery of established marketing programs. The AWI portfolio is structured to deliver the majority of its benefits to Australian woolgrowers in the short to medium term. On-farm and Off-farm extension programs represent the majority of short-term benefits. Long-term benefits are generated from investments in Strategy 3 (Production Systems and Eco-Credentials) and Strategy 7 (Category Management). The AWI Framework for Monitoring and Evaluation, first developed in 2011 and updated in 2014, defines the evaluation logic and operational processes, and is publicly available through the AWI website. Our process is based on the principle of continuous improvement and refinement, as the evaluation framework and the tools and processes within adapt to the evolving needs of AWI and the greater industry we serve. Over 2014/15, AWI's Monitoring and Evaluation team continued to support the annual reporting and planning process to ensure greater consistency was achieved across programs and that annual targets were more closely aligned with the longer term targets as specified in the Strategic Plan. Program Achievement Reports (PARs) were implemented in December 2013 and the Program Plans (2014/15) were prepared for the first time this year. These plans were also instrumental in the preparation of Country Operating Plans, which for the first time also considered allocation of AWI staff resources in individual countries across each Program. Strengthening reporting and planning at the Program level remained a priority for 2014/15 along with making data collections more robust to ensure that appropriate data collections are built into individual Program Plans and resourced accordingly. Completed external reviews of AWI investment programs are made available through the AWI website at www.wool.com/measuring-performance and include evaluations of investments in on-farm and off-farm research and development portfolios, and marketing programs. Operational implementation of the evaluation process promotes a culture of robust, collaborative review and improvement within AWI, and provides findings which can be used to refine decision-making processes at all levels within AWI, and thereby empower AWI staff. The Australian Government is a major investor in AWI, collecting and disbursing statutory levies and providing taxpayer funds for eligible industry research, development and extension (RD&E) activities. As the wool industry's rural Research and Development Corporation (RDC), AWI is the Australian Government's primary vehicle for funding innovation in the wool industry. AWI's plans for RD&E delivery align where relevant with the National RD&E Framework, an Australian Government initiative to improve the efficiency and effectiveness of RD&E delivery nationally. The initiative includes strategies for all agricultural sectors including wool, and cross sector strategies including animal welfare, biosecurity and climate change. The RDCs, State Government agencies, CSIRO and universities are all signatories to the initiative. AWI participates in the National RD&E Framework through its support of the implementation of several strategies sitting under the framework in partnership with other RDCs: National Animal Welfare RD&E Strategy, Climate Change Research Strategy for Primary Industries (CCRSPI), National Animal Biosecurity RD&E Strategy, and its own sector strategy, the National Wool RD&E Strategy. GOOD BUSINESS
AWI Annual Report 2013-14
AWI Annual Report 2015-16