Squadron Energy

Project Overview

TBH has been engaged by Squadron Energy since mid-2023 to provide Integrated Project Controls (IPC) services across their wind, solar and battery projects. Squadron requested TBH’s IPC services to improve their planning and scheduling, cost estimation and risk management practices, initially on two windfarm projects each with a capacity of over 400MW.

TBH’s Role

These projects were selected to pilot TBH’s integrated schedule and cost risk analysis service with the project team, realising several benefits:

• Integrated Risk Assessment: TBH conducted a thorough analysis of wind impacts on each project activity, providing risk-adjusted durations and costs. No industry standard existed for this analysis, so TBH developed a tailored risk model to assess wind impacts.
• Optimised Resource Allocation: By accurately assessing the impact of high winds on crane operations (the project’s highest cost component) TBH enabled more efficient resource allocation between onsite works and offsite repairs.
• Realistic Budget: Cost forecasts for critical equipment were based on the durations predicted in the risk model.
• Long-term Value: The success of this pilot project led to the expansion of TBH’s full risk management process across Squadron’s project portfolio, enhancing overall project control and reliability.
• Detailed Renewables Expertise: TBH’s engagement with Squadron has been extended multiple times, allowing for continuity of work giving TBH’s team the opportunity to develop detailed expertise in renewable energy projects.

The TBH Difference

Results from TBH’s initial engagement will continue to be realised following the integrated schedule and cost risk analysis pilot with several ongoing benefits:

• Enhanced BAU Processes: The program enabled Squadron’s project management team to participate in risk workshops, enhancing their understanding of risk management and integrated time and cost risk analysis. The overall project team was also able to quantitatively assess risk profiles and recommend contingency allowances. This approach will benefit future projects, ensuring more effective decisionmaking at key stage gates. Additionally, a risk framework and templates were developed for the transition into Squadron’s BAU processes.
• Enhanced Decision-Making: Detailed risk analysis provides Squadron’s executive team with the confidence to endorse the project, based on a realistic budget and schedule forecast.