Decision Gate: Investment decision
Objective: Further maturation, definition and documentation of the selected concept to increase the predictability of the project execution.
Front-end engineering design is performed to increase definition and estimation accuracy. Project strategies and plans are detailed – ready for implementation in the execution phase. Main contracts are prepared for award.
Substantial efforts go in to the process of reaching a final investment decision. The process includes preparation of the investment proposal and supporting documentation, stakeholder alignment, financial analysis, benchmarking and internal- and external project reviews.