Change Management During FEED - an Owner's Case Study

摘要

Starting in the mid-1990s, owner project teams began following a more structured process for project development or front-end engineering design (FEED). We will explain FEED as well as the common approach to the stage-gate processes currently in use. We will explain the importance of trending the cost estimate during project development. We used cost estimating software (Kbase in this case) to model a new facility to be built with a combination of new and existing technology. We used a change management procedure to provide updates to the model. We will show the advantages and disadvantages of this process. We will explain why it should be used. A systematic approach to trending including change management will help the owner avoid cost surprises during project development leading to full funding.