In recent years more and more projects are being executed effectively using the “Stage Gate” process. This presentation provides an overview of the Stage Gate process as defined by the Construction Industry Institute (CII). The presentation includes an overview of “Front-End Planning (FEP)” through full Engineering Procurement and Construction (EPC). Front-End Planning typically includes stages FEP 1 and 2 as well as Front End Engineering Design (FEED). Specific deliverables are defined that provide the documentation required at the end of each stage (project phase). At the end of each stage, these deliverables along with a capital cost estimate are reviewed to validate economics and make the decision to proceed to the next stage of work. At the end of the FEED stage typically a +/-10% cost estimate is provided which is the basis to make the final decision to proceed with a project where substantial more funds are committed to purchase equipment, build foundations and start to install structure, piping, instrumentation.
The Stage Gate process provides companies a structured methodology to ensure the project is economically feasible and fits with a company’s overall business objectives. The process manages risks from all perspectives including that the project is safe, environmentally sound and is well planned to protect a company’s interests.
Would you like to access this content?
No problem. You just have to complete the following steps.
You have completed 0 of 2 steps.
You must be logged in to view this content. Log in now.
Purchase Technical Presentation
You must purchase this technical presentation using one of the options below.
If you already purchased this content recently, please click here to refresh the system's record of ownerships.
|Credits||0.5 Use credits|
|List Price||$25.00 Buy now|
|AIChE Members||$15.00 Buy now|
|AIChE Undergraduate Student Members||Free Free access|
|AIChE Graduate Student Members||Free Free access|