concept select & definition

io’s approach to concept selection is founded on a process based upon Decision Quality (DQ) and regular decision dialogue with our clients

We bring integrated capabilities, start with the end in mind and apply systems thinking, embedding a DQ framework throughout. We focus our work on what success looks like for you.

concept select (FEL 2a)

  • reflects the iterative nature and high level of uncertainty of development at such an early stage in a project’s life cycle
  • facilitation of framing workshop
  • identification of tier 1 decisions
  • techniques to evaluate and rank client and partner value drivers
  • evaluation of concepts both technically and economically against a backdrop of uncertainty
  • sustainable CAPEX evaluation of concepts (reverse economics)
  • sensitivity analysis to evaluate concept robustness to key uncertainties
  • trade off analysis based on client value drivers
  • facilitation of risk and concept select workshops

concept definition (FEL 2b) (PreFEED)

  • workscope shaped by contracting strategy
  • further definition of the selected concept(s)
  • increased focus on tier 2 decisions
  • embedding parent knowledge and know-how

related articles:

other capabilities

iFDP & business planning

iFDP & business planning

flow assurance

flow assurance

asset late life oppurtunities

asset late life oppurtunities