Article   |     |   08.02.2022

Safety and profitability – the art of the right assessment

The nature of analyses performed for risk informed decision making may have great impact on not only safety, but also on the profitability of projects.

This was clearly demonstrated when a property developer planned to build a uniquely designed hotel right on the quay in Harstad, Norway. The company had appointed a third-party organisation to conduct an initial ship collision risk analysis as input to the design process. This indicated that the ship protection barrier required would be way more expensive than the initial budget cost.

However, one of the development partners had previously utilised Vysus Group to deliver a detailed risk assessment in a similar study for a city development project in Oslo and engaged us for a more detailed analysis of the ship collision risk. The assessment carried out by Vysus Group consultants, Joar Dalheim and Nils Hasund, eliminated uncertainty and conservatism by running additional simulations which gave a more expectant recommendation on dimensioning impact energy. With the more detailed approach, dimensioning energy decreased by a factor of 10, meaning the development was both safe and affordable.

Bernt Nordby Skøien, CEO of Clemens Eiendom, said: “You have made an absolutely formidable effort and job. I am very impressed with the way you met me and us. You prioritized this task immediately and have shown great competence, been humble, friendly, responsive, guiding and not least effective. On behalf of Hotell Kaarbø, I would therefore like to convey a big thank you for giving us the opportunity to collaborate with you.”

Robert Nyiredy, VP Risk Management, said: “This is a prime example of a too conservative assessment potentially stopping a development. We were extremely pleased to step in and ensure that the more accurate analysis was carried out, creating real, tangible value for our client – based very much on the proven expertise of our team. We are proud of our team!”

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