Critical Success Factors (CSF) in the offshore access industry

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Critical Success Factors (CSF) in the offshore access industry

Introduction

One of the most interesting business areas to invest funds in is the offshore access industry. Both markets this industry serves, namely the offshore oil & gas industry and the offshore wind market are growing in a rapid pace. Therefore, it is expected that these offshore access companies will receive lots of orders in the future and will grow too big and profitable firms. However, before you invest all of your savings in offshore access companies; it is wise to develop an in-depth understanding of this industry. The purpose of this article, therefore, is to describe the Critical Success Factors prevalent in this industry.

Critical Success Factors

The Critical Success factors in the offshore access industry are clearly detectable, though they are difficult to achieve. There is only one Minimum Success Factor that needs to be achieved in order to act in this market, which is basically the ability to transfer people from a vessel to a fixed offshore object. This includes:

·         A functioning technique, which is able to work under offshore conditions that can transfer people to a platform.

·         The infrastructure to handle orders and to organize their accomplishment.

·         The transportation system to bring a system to the needed spot.

·         Workers to be able to fulfill the task necessary to realize any project.

At the same time there are several Key Success Factors that differentiate the competitors within the market.

·         The most important Key Success Factor of being a good performer within the offshore access industry depends on the degree you are able to provide a safe access (offshore safety). The safer a system, the more customers will be convinced by your product or service.

·         One other important Key Success Factor within the industry depends on availability and accessibility a company is providing. The faster a company can react to an order and is able to perform the task, the stronger the company’s position is within the market.

The impact of costs for the service is relatively low for the decision making of the clients.