Early project phases are critical, to set the strongest possible foundation for successful delivery. Smart early-stage investment lays a route to successful delivery, rather than rushing to execution, which often leads to rework, delays, cost overruns, and unnecessary issues during operation.

LR has supported the front-end project stages from the identification of a business opportunity to the start of the project for real, through the development and/or review of:

  • Project framing/definition: This stage establishes the project's overall direction and parameters. We work with stakeholders to define clear objectives, scope, and key performance indicators while identifying constraints and opportunities. By setting the strategic context early on, we ensure that the project is aligned with business goals and is built on a solid, well-understood foundation.

  • Concept Selection: At this phase, various project approaches or designs are evaluated against technical, financial, and operational criteria. We assist in analysing multiple concepts to determine which option best meets the client’s needs, balances risks and rewards, and aligns with the strategic vision. This ensures that the chosen concept is not only viable but also optimally positioned for future success.

  • Project execution strategy: Developing a robust execution strategy is key to transitioning from planning to action. We design comprehensive plans that outline methodologies, resource allocation, timelines, and risk mitigation measures. This strategy serves as a roadmap that guides the project through its various phases, ensuring that all teams are aligned and that potential challenges are proactively addressed.

  • Design Basis: The Design Basis is a critical document that defines the fundamental engineering assumptions, performance criteria, and technical parameters that will drive the project’s detailed design. Our role is to help establish these benchmarks, ensuring all design activities adhere to relevant codes, standards, and best practices. This document forms the backbone of the subsequent engineering work.

  • Contracting Strategy: A well-defined contracting strategy is essential for effective procurement and partner engagement. We help formulate the structure of contracts, establish clear procurement guidelines, and develop risk-sharing frameworks that suit the project’s needs. This strategic approach ensures that all contractual relationships support project objectives, maintain accountability, and facilitate smooth execution.

  • Front-end Engineering Design: During the FEED phase, we conduct in-depth engineering studies to assess the technical and economic feasibility of the project. This process results in a design package that outlines the scope, costs, timelines, and technical solutions. Our contribution here bridges the gap between conceptual planning and full-scale execution, providing a critical foundation for informed decision-making. We can also oversee the entire FEED process or manage the FEED contractor.

  • Value Engineering: Value Engineering is a systematic approach to optimize project outcomes by balancing cost, quality, and performance. We lead cross-functional teams in reviewing design elements and processes to identify opportunities for cost reduction and performance enhancement without compromising quality. This ensures that the project delivers maximum value and efficiency throughout its lifecycle.

Why LR?

LR’s technical and risk management heritage means a dedication to effective project management. LR’s domain expertise and global presence means project management best practice is translated into practical frameworks, processes and advice for managing industrial, maritime and energy projects.

LR’s objective and independent experience of global industry practices makes a decisive difference to your project management team.