TY - JOUR
T1 - Quantifying FEED Maturity and Its Impact on Project Performance in Large Industrial Projects
AU - Yussef, Abdulrahman
AU - Gibson, G. Edward
AU - El Asmar, Mounir
AU - Ramsey, David
N1 - Funding Information:
This study was funded by the Construction Industry Institute (CII). The authors would like to thank the CII Research Team 331 and all the industry professionals who volunteered their time, expertise, and project data, which were vital for the successful completion of this study.
Publisher Copyright:
© 2019 American Society of Civil Engineers.
PY - 2019/9/1
Y1 - 2019/9/1
N2 - Assessing the maturity of front-end engineering design (FEED) for large industrial projects is a critical task with significant influence on overall project success. The project owner expects to be able to make informed decisions, including cost and schedule predictions, to determine whether the project should proceed to detailed design. Project stakeholders also expect to make informed decisions to allocate the level of contingency needed for the project and to predict the success of follow-up phases. The primary objective of this paper focuses on quantifying FEED maturity and its impact on project performance in terms of cost change and other key metrics. The authors collected data from 33 completed large industrial projects representing over $8.83 billion of total installed cost. The research followed a scientific research methodology that included a literature review, focus groups, an industry survey, data collection workshops, and statistical analysis of project performance. The contributions of this work include (1) developing an objective method to consistently measure and manage FEED maturity and (2) quantifying how projects with high FEED maturity outperformed projects with low maturity by 20% in terms of cost growth in relation to the approved budget.
AB - Assessing the maturity of front-end engineering design (FEED) for large industrial projects is a critical task with significant influence on overall project success. The project owner expects to be able to make informed decisions, including cost and schedule predictions, to determine whether the project should proceed to detailed design. Project stakeholders also expect to make informed decisions to allocate the level of contingency needed for the project and to predict the success of follow-up phases. The primary objective of this paper focuses on quantifying FEED maturity and its impact on project performance in terms of cost change and other key metrics. The authors collected data from 33 completed large industrial projects representing over $8.83 billion of total installed cost. The research followed a scientific research methodology that included a literature review, focus groups, an industry survey, data collection workshops, and statistical analysis of project performance. The contributions of this work include (1) developing an objective method to consistently measure and manage FEED maturity and (2) quantifying how projects with high FEED maturity outperformed projects with low maturity by 20% in terms of cost growth in relation to the approved budget.
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U2 - 10.1061/(ASCE)ME.1943-5479.0000702
DO - 10.1061/(ASCE)ME.1943-5479.0000702
M3 - Article
AN - SCOPUS:85068983165
SN - 0742-597X
VL - 35
JO - Journal of Management in Engineering
JF - Journal of Management in Engineering
IS - 5
M1 - 04019021
ER -