Feasibility Studies utilise all of the engineering know-how and experience from delivering projects around the world, all to support you in deciding whether to proceed with a project.
Feasibility Studies are focussed on providing you with clarity on everything from time, cost or technology, so you can make informed decisions about your site’s development.
Our technical sales and pre-engineering teams share the same process standards, tools, and wealth of experience as our main project delivery engineering team to deliver your feasibility study.
A feasibility study is a critical step in the project development process, providing valuable insights and information to the customer. When referencing front end loading (FEL) from 0 to 4, it represents different stages of project development, each with increasing levels of project definition and detail. At FEL 0, the study is in the preliminary stage, focusing on high-level assessments and identifying the project’s basic viability. As it progresses to FEL 4, the study becomes more comprehensive, with detailed engineering, cost estimates, and risk analysis.
For the customer, a feasibility study with FEL 0 to 4 progression is immensely valuable. In the initial stages, it helps the customer assess the project’s conceptual feasibility, understand its potential benefits and challenges, and make an informed decision on whether to proceed with the project. As the study advances through FEL stages, the customer gains greater certainty about the project’s scope, cost, schedule, and potential risks. This allows them to secure necessary funding, engage stakeholders, and make strategic decisions with confidence. By conducting a thorough feasibility study with front end loading, the customer can avoid costly mistakes, ensure alignment with business goals, and establish a solid foundation for successful project execution.
Learn more about our customised solutions and how we can help your business grow and thrive with our project delivery focus and bespoke process systems.