What is difference between feed and Fel?

What is difference between feed and Fel?

In brief, FEED is only one of the activities that make up the FEL process. It is the last process leading up to the Final Investment Decision for an engineering project. FEL is all the work done on a project before the final investment decision is made.

What is FEL 3 engineering?

FEL-3 means the third stage of front end engineering and design work for the development of underground mines as determined by the Proponent in accordance with its standard methodologies and assumptions in effect from time to time, which will result in the delivery of a feasibility study setting out a final assessment …

What is the concept of front end loading?

The term Front-End-Loading (FEL) refers to a project management process that involves developing sufficient project definition so that owners can make investment decisions, minimize risk and maximize the potential for success.

What is front end in project management?

The front-end phase of a project commences when the project idea is conceived—and it ends when the final decision to finance the project is made. The main aim of front-end management is to get the strategic perspective right.

What is FEED study?

The Front-End Engineering and Design (FEED) process is perhaps the most important component of pre-project planning or Front-End Loading (FEL). FEED studies ensure that the details of the project are in place before construction. The primary goals of a FEED study are threefold: Produce all technical documents.

What is pre feed?

Pre-FEED is a preliminary step taken before basic engineering level work and is sometimes undertaken to confirm the technical and economical feasibility of the project. Pre-FEED work is sometimes combined with conceptual work and studies depending on the nature of the project and uncertainties.

What is project Fel?

Front-End Loading (FEL), is the process for conceptual development of projects.. FEL includes robust planning and design early in a project’s lifecycle (i.e., the front end of a project), at a time when the ability to influence changes in design is relatively high and the cost to make those changes is relatively low).

What FEL means?

Adverb. fel. wrong, wrongly, incorrectly, erroneously.

What are front end rates?

The front-end ratio, also known as the mortgage-to-income ratio, is a ratio that indicates what portion of an individual’s income is allocated to mortgage payments. The front-end ratio is calculated by dividing an individual’s anticipated monthly mortgage payment by his/her monthly gross income.

What is project backend?

“Front-end” typically means the parts of the project a user interacts with–such as the graphical user interface or command line. It’s a vague term, there isn’t an exact definition. “Back-end” means the parts that do the work, but the user is unaware of or cannot see. Databases, services, etc.

What is a feed estimate?

Front-end engineering and design (FEED) is the phase of a project during which a percentage of the overall engineering required for a project is completed, with the purpose of developing a sanction estimate. FEEDs are often referred to in terms of shallow or deep, which relates to the quantity of engineering performed.

What is project FEL 2 stage?

FEL2: Pre-Feasibility Study or Basic Engineering. The selected option is developed up to a pre-defined level of detail not yet sufficient for construction and operation, but enough to develop a cost estimate, a schedule estimate, and to make any critical decisions that will influence the final design of the plant.