Cost reduction is perhaps the number one challenge impacting on the renewable energy sector. However, it should also be seen as an opportunity; for example, the offshore wind sector has been set challenging targets for cost reduction without compromising health and safety, with particular regard to “the opportunities to improve project processes and design to enhance best practices in Health & Safety.” (Source: HSE & Cost Reduction Task Force).

Effective risk management strategies provide significant opportunities to maximise cost reduction opportunities in areas such as Capex/Opex; Contracting Strategies; Innovation & Knowledge Management.

Forge Risk can enable clients to facilitate targeted, risk-based cost reduction in areas such as:

  • New and emerging technological developments (e.g. Turbines, Balance of Plant)
  • Business, operational and safety processes (e.g. Procurement, Safety Rules, Management Systems)
  • Legal, Technical and Competence standards (e.g. Managerial, Technical, Quality, H&S etc.)
  • Knowledge management – including processes to capture, share and disseminate lessons learned

Reports

Risk Matters 03:2017 – Risk, regulation & standards update

Our regular update on risk, regulation and standards. The editorial focus is health and safety in renewables, construction and asset management. This edition includes updates and opinion on topics including: “Robin Rigg” Supreme Court Judgement, Cost Reduction – Safety Check, Risk Opinion: Embracing Failure, HSE Board Updates & Sector Plans, OHS Disclosures & Updates, Risk Focus: Take back control, Technical Standards updates. Most topics covered as part of our Executive H&S Briefings.