What is the purpose of front end loading?
The term Front-End-Loading (FEL) refers to a project management process that involves developing sufficient project definition so that owners can make investment decisions, minimize risk and maximize the potential for success.
What is FEL 3 engineering?
FEL-3 means the third stage of front end engineering and design work for the development of underground mines as determined by the Proponent in accordance with its standard methodologies and assumptions in effect from time to time, which will result in the delivery of a feasibility study setting out a final assessment …
What does IPA stand for in technology?
Intelligent process automation (IPA) is a combination of technologies used to manage and automate digital processes. IPA should increase operational efficiency, worker performance and response efficiency to customers.
What does fel2 stand for?
Depending on the amount of Front End Loading (FEL) project planning required to accurately quote your project, certain deliverables will be provided along with your quote. Rough Order of Magnitude (ROM) Quote Deliverable. Refined Quote Deliverables (FEL 2) Fixed Bid Quote Deliverables (FEL 3)
What is FEED study?
The Front-End Engineering and Design (FEED) process is perhaps the most important component of pre-project planning or Front-End Loading (FEL). FEED studies ensure that the details of the project are in place before construction. The primary goals of a FEED study are threefold: Produce all technical documents.
What is fel2?
FeI2 is called Ferrous Iodide or Iron (II) Iodide.
What is project Fel?
Front-End Loading (FEL), is the process for conceptual development of projects.. FEL 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 relatively low).
What does fel1 stand for?
In a recent study for IPA clients,1 we asked people how frequently these statements about the opportunity assessment phase of the capital project development process, referred to as front-end loading (FEL) 1 by most companies, were accurate: The projects in FEL 1 address a true business need.
What would IPA stand for?
IPA stands for India Pale Ale. As the story goes, the drink earned its name during the British colonial era. It was too hot and humid to brew beer in India, but the British sailors still needed a drink.
What does fel3 mean in construction?
FEL3: Feasibility Study or Detailed Engineering. The engineering team will now fully design the plant, including the exact specifications for how it will be constructed, commissioned, started up, and operated. The proposed plant will now have a detailed cost estimate and construction schedule. Gate 3: Approval for Construction.
What is the difference between fel1 fel2 and fel3?
1 FEL 1: Front-end loading 1 or the prefeasibility stage; 2 FEL 2: Front-end loading 2 or the feasibility stage, and; 3 FEL 3: Front-end loading 3 or the basic engineering and development stage, also known as the planning stage.
What does Fel stand for?
Front-end loading (FEL), also referred to as pre-project planning (PPP), front-end engineering design (FEED), feasibility analysis, conceptual planning, programming/schematic design and early project planning, is the process for conceptual development of projects in processing industries such as upstream oil and gas,…
What is included in the FEL-3 phase?
In addition to updating the items mentioned above in FEL-2, the following items are typically added during the FEL-3 phase. Process risk analysis (PHA, HAZOP, etc.) Preliminary project schedule. At the completion of this phase of the project, and cost estimate of +25%/-15% can typically be generated for the project.