Front End Loading (FEL) or Front-End Engineering Design (FEED)

Feasibility Studies
Knowledge Center

 

Next Topic

Feasibility Studies > Forum > Front End Loading (FEL) or Front-End Engineering Design (FEED)

Front End Loading (FEL) or Front-End Engineering Design (FEED)
Mike Murray, Management Consultant, South Africa, Member
Front End Loading (FEL) is a pre-project planning process typical for processing industries such as upstream, petrochemical, refining and pharmaceutical companies by which an organisation develops a detailed definition of a capital project to meet business objectives. It is the detailed up-front "loading" work whereby the definition, scope and feasibility of the project is thoroughly assessed in terms of scope, cost, risk and other factors to minimize the impact and escalation of these factors during the detailed design, procurement and construction of the project. This involves developing sufficient strategic information with which owners can address risk and make decisions to commit resources in order to maximize the potential for success. Front-end loading includes robust planning and design early in a project's lifecycle (i.e., the front end of a project), at a time when the ability to influence changes in design is relatively high and the cost to make those changes is relative (...) Read more? Sign up for free
 

Please register now to read all responses and to join this discussion yourself. It's easy and 100% free.

    Log in

         
Special Interest Group Leader

Interested? Sign up for free.


Feasibility Studies
Summary
Forum
Best Practices


    Feasibility Studies
    Knowledge Center

     

    Next Topic



    About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
    2020 12manage - The Executive Fast Track. V15.3 - Last updated: 23-1-2020. All names of their owners.