The FEL Toolbox is software developed by Independent Project Analysis (IPA), Inc., that allows companies to self-evaluate the level of definition of small capital projects, or those valued at US$20 million or less. Companies that regularly benchmark a cross-section of their small projects with IPA can license the software.
IPA research has firmly established that the quality of capital project planning definition, known as Front-End Loading (FEL) across Industry, directly correlates with better capital project outcomes.
With the FEL Toolbox project teams on their own time can measure the FEL Index of their small projects. The FEL Index is a key indicator of project outcomes, including cost competitiveness and operability.
The FEL Toolbox is a powerful tool for project teams responsible for delivering small projects with better results.
To learn more about the FEL Toolbox software, contact Phyllis Kulkarni, Manager, Plant-Based Systems.