Front End Engineering Design (FEED)
One of the most impactful and transformative things we do as a partner is provide the service of a FEED study. A Front End Engineering Design is the first step in any large capital project and is imperative for its success.
After a concept is created, a FEED study is done to provide information like:
- Estimated Investment costs and total cost of ownership for cost justification and capital allocation or CAR creation
- Detailed architecture design
- Technology selection to ensure a cohesive, feature-rich, and dependable solution
- Basic functional requirements
- Detailed scope of work and requirements needed for vendors to bid against
Some of the most basic but important engineering decisions are made at this point that steer the engineering designs made for the rest of the project. By taking into consideration factors like project goals, corporate and industry standards, current installation base, requirements of key stakeholders (IT, operations, engineering, maintenance, quality, etc.) and current and upcoming technologies, we are able to help create that clear vision of what the design needs to be.
Some pitfalls of skipping this step or not partnering with the right company include:
- Outdated design based in old technology and poor technology vision
- Poor architecture resulting in communication gaps, bottlenecks, poor flexibility, and non-conformance with industry and corporate standards
- Poor project scoping resulting in inconsistent bidding process and poor vendor selection
- Misalignment with company goals resulting in poor executive sponsorship or even rejection of funding request
- Project funding overrun as a result of excessive change orders from improper scoping