We foster an integrated and transparent approach, engaging clients throughout the process to deliver tailored, best-in-class solutions. This is achieved through our agile methods, grounded in Decision Quality (DQ) principles.
Success in FEL 2 means selecting the right project and defining it well enough to ensure successful execution. Failing in either risks not meeting business goals. At io, we break FEL 2 into two stages: Concept Select, focused on choosing the right project, and Concept Definition (PreFEED), aligned with the objective of ‘right project’ and ‘project right’ respectively..
We view the Concept Definition (PreFEED) step as an opportunity to optimise the project scope and setup the project for success in FEED (FEL 3) and beyond. The technical depth of the Concept Definition activities are shaped by the contracting strategy and we believe that working with our clients to understand their contracting requirements, their project management capability and the market trends is key to appreciating the trade-off between alternative contracting strategies. Collaboration with the client is necessary to select a preferred contracting approach that delivers a tolerable project cost and risk profile.
With the preferred contracting strategy in hand concept optimisation activities are executed to address high risk aspects and ‘bake in’ project value improvements whilst leaving room for further optimisation in FEL 3. These activities are executed by our experienced multi-discipline teams who embed our parent company execution expertise, further improving project readiness and safeguarding the transition to FEL 3 and FID.