Front-end engineering and design reduces risks, costs

Application Update: Comprehensive front-end engineering and design (FEED) can reduce risk and lower total cost of ownership for small and large capital projects. A FEED executed for ConocoPhillips optimized the project’s site selection, identified pipeline specifications, and provided refinery process design basis and preliminary piping and instrumentation diagrams (P&IDs) and other attributes. FEED improved delivery 14% under the high end of the estimate, to 39 weeks, down from 43 weeks. See FEED tips, advice, and six questions to ask.