What is a FEL 1 study?

What is a FEL 1 study?

FEL1: Options Study or Index Engineering. For example, in the processing of nickel laterite ore, it might be possible to build either a pyrometallurgical or hydrometallurgical processing plant. This stage would study both options and recommend the best one based on the specific project requirements.

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 is front end loading project management?

Front End Loading (FEL) is a commonly used project management terminology and put simply it’s a process that focusses on high degrees of pre-planning at the front end of projects to identify and control risk. Done properly FEL will prevent you from committing to a project that will ultimately be unprofitable.

What does fel1 mean?

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 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.

Why is front end loading important?

It has been proven that projects that have focused on front-end loading take time and cost out of a schedule. They are typically 20% lower cost and 10-15% faster than average projects and considerably faster and lower cost than poorly defined projects.

What is FEED study?

FEED Studies are a Critical Planning Tool FEED studies are an essential component of pre-project planning for new asset construction and large retrofit projects. As these documents come together, design and engineering conflicts will be resolved with the client’s input.

What are the four stages of IPA project life cycle?

There are 4 project life cycle phases: initiation, planning, execution, and closure. And if you monitor each, you can systematize them and understand where there’s room for improvement.

What is difference between FEED and EPC?

Detailed Engineering is the design phase when all design work in done in detail to put into construction and operation. FEED is done mainly to assess the cost and produce preliminary basis documents. Detailed Engineering is the design phase when all design work is done in detail to put into construction and operation.

What is PDP process design package?

“Process Design Package” means the activities in order to provide drawings and documentation relating to the design and construction on behalf of Licensor. Typical deliverable list for PDP are: Basic design data. Process Flow Diagram (PFD)

How is front end load calculated?

Front-end loads are assessed as a percentage of the total investment or premium paid into a mutual fund, annuity, or life insurance contract. 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 feed in HSE?

FEED (Front End Engineering Design) means Basic Engineering which is conducted after completion of Conceptual Design or Feasibility Study. At this stage, before start of EPC (Engineering, Procurement and Construction), various studies take place to figure out technical issues and estimate rough investment cost.

What is BDEP in engineering?

Basic Design and Engineering Package (BDEP), Pipeline Appendix 2.

What is meant by PDP in mechanical engineering?

“Process Design Package” means the activities in order to provide drawings and documentation relating to the design and construction on behalf of Licensor. Typical deliverable list for PDP are: Basic design data.