At Prism Energy, we are proud of the valued Risk Management support we have provided to our customers to date gaining extensive experience in both the renewables and oil & gas industries. Working with operators, contractors and sub-contractors alike, on scopes situated across the globe.
The risk profile in the relatively immature renewables industry differs from the Oil & Gas industry (having a very mature and well defined supply chain), the Prism “knowledge” and experience is increasing as our portfolio of work in renewables grows.
Risk Services form part of our wider Project Management Consultancy. CSRA support can be tailored or scaled to suit the customers needs and fulfils a number of objectives, particularly during assurance of capital projects.
We achieve the objectives above through a detailed review of the deterministic data provided, we transfer the data into a software model. A facilitated review is held with the customers team to define “uncertainty ranges” and the discreet “risk events” relevant to cost & schedule. The output from this work is provided in a tailored report for the customer and stakeholders.
“Prism risk consultants lean heavily on their individual project delivery experience.
The combination of their experience and independence enables open, honest and challenging discussion during CSRA sessions. This challenge, which is presented in a constructive manner results in the development of enlightening, accurate and valuable results for our customers.
Due to our location and project delivery background, our consultancy business stream has grown through increasing our customer base in the Oil & Gas Industry. Recently however, we are experiencing an increase in requests for consultancy support from the renewables industry. The risk profile in an Offshore Wind Development may differ from its equivalent in Upstream Oil & Gas, but risk management principles remain consistent, as such our CSRA services and wider risk management support are proving to be valued by new customers in this expanding area of our business.
Growth and expansion of the Offshore Wind Industry has presented fantastic opportunities for Prism to adapt to the changing market, support new customers, understand the risks impacting the industry and develop our experience and reputation”.
Prism Energy provide consultancy services across many industry vectors, our consultants are experienced project delivery professionals and therefore understand the customers needs and provide valued solutions.
