io, as an Owner’s Engineer, helps lay the foundation for a project, or programme, and mitigate risks by defining the scope, evaluating budgets, conducting feasibility and site selection studies, analysing technologies, and addressing permitting and environmental concerns. At io, we take this role further by safeguarding the concept’s value proposition and design intent throughout FEED and beyond.
In large, complex projects across sectors like Energy and Chemicals, and Energy Infrastructure, value often erodes due to overly optimistic forecasts and poor implementation. io ensures this doesn’t happen by deploying a value protection team that preserves or enhances the value proposition defined in the conceptual phase, altering it only with clear justification.
Our approach tackles five key causes of value loss:
- People: Ensuring the right talent and leadership continuity with a “front end” mindset.
- Production attainment: Mitigating unreliable forecasts due to optimistic assumptions and lack of accountability.
- Cost & schedule growth: Providing realistic forecasts for cost and timelines, addressing data limitations.
- Project processes: Ensuring decision-oriented processes are followed, with clear ownership.
- Project definition: Preventing value loss by avoiding rushed business cases or poor concept selection.
During FEED, io’s owner’s engineer team supports the project by:
- Safeguarding the value proposition and design intent.
- Assisting with project integration, system engineering and interface management.
- Conducting value checks and validating design developments with feedback.
- Facilitating value-enhancing practices like project framing and risk assessment.
- Attending key project meetings and offering advisory support.
- Providing technical oversight and specialised input during FEED.
This comprehensive approach ensures that io’s clients achieve project success while minimising risks and maximising value.