Risk Management

What We Do

Prism Energy are Ideally suited to support your team through the risk management process. We have a team of experts who can help you with risk management processes, risk reviews and full cost & analysis. Let us use our knowledge to help you deliver projects successfully.

Expertise

Prism Energy Risk Management consultants are experienced in various risk management disciplines,

Schedule Risk Analysis (SRA)

Schedule risk analysis is a process to help you fully understand your schedule. Include uncertainty and risks in your schedule to generate P10, P50 and P90 scenarios using Monte Carlo Analysis. Schedule Risk Analysis is beneficial for all types of projects and shutdowns/TARs. Our analysis will also provide you with information to help improve your chances of success.

Cost Risk Analysis (CRA)

Cost Risk Analysis' are designed to help define your budgets and estimates. Define suitable contingency levels by including uncertainty and risks in your estimates. Understanding the potential ranges of your cost estimate enables you to define a suitable level of contingency, taking into account uncertainty and risk. Our analysis will also create tornado charts and distribution profiles to highlight the biggest impactors to the overall estimate.

HAZIDs

Projects of all sizes need to manage risks. We can help you with risk reviews focused on real risks & action plans. Our experienced consultants will help you focus on the objective of the project while lightening the load on the project team, enabling them to focus their efforts on the key risks.

HAZOPs

Most Organisations focus on threats when discussing risks but that means they miss out the major benefits of opportunities to beat their target. Our consultants are experienced in the process of identifying and opportunities.

Risk Procedures

Procedures are critical to help your project teams understand how they should be approaching risk management. Our team can build fit for purpose procedures that will save you time & improve the quality of your risk management.

Risk Workshops

Taking time out to discuss risks with your team can deliver huge benefits. Using an experienced risk facilitator can take it to another level. Our consultants are all experienced project & shutdown managers with real life experience of managing risks and they bring that knowledge into all risk workshops to help maintain focus on what is important.

“We value the support being provided by Prism, it’s been a good and open working relationship. Prism played a critical part in successfully delivering this first phase of the project”