What is FEL methodology?
The Front-End Loading (FEL), or Pre-Project Planning (PPP), is a methodology that includes all the processes before materialization of a project itself, which form together strategic plans for resource, material, production and environmental knowledge management.
What is front end loading in construction?
In this context, front-end loading refers to the implementation of robust planning, design and preparation for project execution in the early stages of a project’s lifecycle to improve the potential for a successful project.
What is meant by front end loading?
A front-end load is a sales charge or commission that an investor pays “upfront”—that is, upon purchase of the asset. The percentage paid for the front-end load varies among investment companies but typically falls within a range of 3.75% to 5.75%.
What is the difference between feed and FEL?
In brief, FEED is only one of the activities that make up the FEL process. It is the last process leading up to the Final Investment Decision for an engineering project. FEL is all the work done on a project before the final investment decision is made.
What is an FEL estimate?
FEL Project Planning – Cost Estimation Options. To provide accurate cost estimation for your process skid, the engineers at EPIC thoroughly review and define the scope of your project with an engineered quotation. This process is known as front end loading (FEL), resulting in reduced risk/ unknowns for both parties.
What does FEL stand for in engineering?
Front End Loading Engineering
Front End Loading Engineering (FEL) Services.
What is FEL in construction?
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 is FEL document?
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.
What is front end load cost management?
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.