concept select & definition (FEL 2)
io’s approach to concept selection is founded on a process based upon Decision Quality (DQ) and regular decision dialogue with our clients.
We bring integrated capabilities, start with the end in mind and apply systems thinking, embedding a Decision Qulaity (DQ) framework throughout. We focus our work on what success looks like for you.
concept select (FEL 2a)
reflects the iterative nature and high level of uncertainty of development at such an early stage in a project’s life cycle.
facilitation of framing workshop.
identification of tier 1 decisions.
techniques to evaluate and rank client and partner value drivers.
evaluation of concepts both technically and economically against a backdrop of uncertainty.
sustainable CAPEX evaluation of concepts (reverse economics).
sensitivity analysis to evaluate concept robustness to key uncertainties.
trade off analysis based on client value drivers.
facilitation of risk and concept select workshops.
concept definition (FEL 2b) (PreFEED)
workscope shaped by contracting strategy.
further definition of the selected concept(s).
increased focus on tier 2 decisions.
embedding parent knowledge and know how.