Front End Loading 0 to 4:
For the customer, a feasibility study with FEL 0 to 4 progression is immensely valuable. In the initial stages, it helps the customer assess the project’s conceptual feasibility, understand its potential benefits and challenges, and make an informed decision on whether to proceed with the project. As the study advances through FEL stages, the customer gains greater certainty about the project’s scope, cost, schedule, and potential risks. This allows them to secure necessary funding, engage stakeholders, and make strategic decisions with confidence. By conducting a thorough feasibility study with front end loading, the customer can avoid costly mistakes, ensure alignment with business goals, and establish a solid foundation for successful project execution.