FEL Overview
FEL is an acronymn for
What is Front End Loading?
This study, conducted during FEL 1, assesses whether a project is technically and economically viable before proceeding to the next phase.
What is Feasibility Study?
This deliverable, produced in FEL 2, outlines the conceptual design and provides the basis for more detailed cost estimates.
What is Preliminary Design Package? (Basis for Design)
Risks related to environmental regulations are first identified in this phase of the FEL process.
What is FEL 1?
This document, developed during FEL 1 and refined in later phases, ensures that both the client and project team are aligned on the project's objectives and deliverables
What is the Project Charter?
The number of stages in the FEL process?
What is three?
This phase is crucial for ensuring project alignment with strategic goals, identifying risks early, and providing a foundation for informed decision-making before significant resources are invested."
Why is FEL 1 important?
Developed during FEL 2, this document provides a high-level overview of project risks, including mitigation plans for key uncertainties.
What is the risk register?
A higher level of this is included in FEL 2 cost estimates due to uncertainties in scope and design.
What is contingency?
Engaging this group early in FEL is critical to ensuring alignment on project goals, scope, and risks.
Who are stakeholders?
This is the main focus of FEL 1
What is business case development and project feasibility?
During this phase, preliminary engineering and design work is conducted, including the development of process flow diagrams and a detailed project scope
What is FEL 2?
This FEL 3 deliverable is critical for obtaining final project approval, detailing cost, schedule, risks, and resource requirements.
What is the Final Investment Decision (FID) Package?
In FEL 1, risks related to this are identified to determine whether the project aligns with the company’s long-term goals.
What are strategic risks?
This process, involving continuous communication, helps avoid misunderstandings about scope and expectations between the client and project team.
What is stakeholder alignment?
Another term for FEL
What is Front End Planning?
This study, conducted during FEL 1, explores the available market conditions and demand to justify proceeding with the project
What is Market Feasibility?
This document, finalized during FEL 3, is a comprehensive list of all major equipment and materials required for project execution.
What is the Equipment and Material List?
This process, important in all phases of FEL, involves identifying, assessing, and mitigating uncertainties in project execution.
What is risk management?
FEL ensures that these key decision-makers understand the scope, cost, and risks before giving approval to proceed.
Who are the project sponsors or executives?
The development of detailed technical specifications, drawings, and plans
What is detailed engineering?
This type of feasibility evaluates whether the current technology or new innovations can support the project’s goals and objectives
What is Technical Feasibility?
This deliverable, first developed in FEL 2 and refined in FEL 3, provides detailed engineering specifications for all project components.
What are Engineering Specifications?
In FEL 2, this analysis is performed to assess the impact of identified risks on the project’s cost and schedule.
What is FEL 2?
Regularly conducting these meetings throughout the FEL process helps maintain transparency and ensure that all stakeholders remain aligned on project progress and risks.
What are stakeholder review or alignment meetings?