Since 2021, Prism Energy have been providing project consultancy support for a marine installation contractor client after they approached us for support with their Cost & Schedule Risk Analysis’. The client in question is responsible for delivery, transport & installation of Foundations & Transition Pieces for an offshore wind development, off the coast of the United States.

We were tasked with providing probabilistic risk analysis of the overall budgetary estimates and delivery schedules to support Tender & Contract Negotiations with the developers and their partners. Recognising that Technical Risk, Non-Technical Risk and Uncertainty has the potential to disrupt Cost & Schedule Estimates is key to success!

Common risk areas include –

🔵 Project Complexity

🟠 Interface Management

🔵 Stakeholder / Partner Approval

🟠 Transportation & Installation

We are proud to provide support to offshore wind players improving their understanding of the impact that risk and uncertainty can have on a projects outcome, in what is a new industry!

Get in touch today to find out more!