Accurately self-evaluate sustaining capital project risks
IPA research has shown that Front-End Loading (FEL), or project definition, is one of the most significant drivers of project success. However, many organizations do not employ an effective project definition work process in a consistent manner, which degrades project outcomes and hurts the site’s return on capital. Powered by IPA’s FEL Index, project teams use the FEL Toolbox software as a guide throughout the project definition process and gatekeepers use it to accurately assess a project’s readiness for execution.
Accurately Measure Project Definition
Understand a project’s FEL score overall as well as detailed scores for the three main components: site factors, engineering status, and project execution planning. Compare project FEL scores against industry and your company averages.
Analyze gaps and opportunities in project preparation to gain internal alignment on project objectives and deliverables, and quickly determine whether a project is ready for sanction or needs further work.
Turn Action Items Into Results
Apply detailed recommendations for improvement and risk reduction to achieve better FEL, cost, and schedule performance.
Request a Demo
Contact us to learn more about FEL Toolbox and to see how it works.