A Structured and Experience-Based Approach to Project Evaluation
At Project, Industry &
Engineering Review Hub, project reviews are conducted using a structured,
systematic, and experience-driven methodology developed from over 30
years of involvement in industrial, oil & gas, power, and utility projects.
Our methodology is designed to
support decision-makers, project owners, investors, and EPC stakeholders
by providing objective, practical, and actionable insights throughout
the project lifecycle.
Purpose
of Project Review
The primary objectives of our
project review methodology are to:
- Evaluate the technical and commercial viability
of a project
- Identify engineering, execution, and operational
risks
- Assess the suitability of selected technologies and
design concepts
- Review cost, schedule, and execution assumptions
- Provide recommendations to improve project outcomes
Project reviews can be conducted at any
stage of a project, from early concept development to operational
optimization.
Our
Project Review Framework
Our methodology follows a multi-disciplinary
and phased approach, ensuring comprehensive coverage of all critical
aspects of a project.
1.
Project Understanding & Scope Definition
At this stage, we focus on gaining a
clear understanding of the project, including:
- Project objectives and business drivers
- Project scope, boundaries, and assumptions
- Development stage (concept, FS, FEED, DED, execution,
or operation)
- Stakeholders and contractual structure
This step ensures that the review
remains relevant, focused, and aligned with decision-making needs.
2.
Technical & Engineering Review
We evaluate the technical foundation
of the project, including:
- Process concept and system configuration
- Technology selection and suitability
- Engineering standards and design philosophy
- Equipment selection and specification
- Utilities and supporting systems integration
The review is performed against industry
best practices, international standards (API, ASME, ASTM, ISO), and
practical execution experience.
3.
Feasibility & Design Maturity Assessment
Depending on the project stage, we
assess:
- Completeness and quality of FS, FEED, or DED documents
- Design maturity and constructability
- Assumptions used in engineering and sizing
- Interfaces between disciplines and packages
This step helps identify design
gaps, overdesign, underdesign, or misaligned assumptions early.
4.
Cost, Schedule & Commercial Review
We analyze the commercial aspects of
the project, including:
- Capital expenditure (CAPEX) assumptions
- Operating expenditure (OPEX) considerations
- Project schedule logic and critical path
- Procurement strategy and contracting approach
Our focus is on identifying unrealistic
assumptions, hidden risks, and optimization opportunities.
5.
Risk Identification & Mitigation
A structured risk review is
conducted to identify:
- Technical and engineering risks
- Construction and execution risks
- Operational and maintenance risks
- Safety, environmental, and regulatory risks
Where applicable, we apply
principles from HAZID, HAZOP, and risk-based decision frameworks to
support mitigation planning.
6.
Project Execution & Management Review
For projects in execution or
operation, we assess:
- Project organization and roles
- EPC coordination and interface management
- Quality assurance and control practices
- Cost control, scheduling, and reporting systems
This ensures that project
governance and management practices support successful delivery.
7.
Findings, Recommendations & Decision Support
The outcome of the project review is
presented in a clear, structured, and decision-oriented format,
including:
- Key findings and observations
- Identified risks and opportunities
- Practical recommendations
- Options and trade-offs for decision-makers
Our recommendations are always practical,
realistic, and based on real project experience.
Types
of Project Reviews We Support
Our methodology can be applied to:
- Independent Project Review (Owner / Investor)
- Feasibility Study Review
- Technology Selection Review
- EPC Readiness and Execution Review
- Operational Performance Review
- Post-Project or Lessons Learned Review
Why
Our Methodology Adds Value
✔️ Experience-based, not theoretical
✔️ Applicable across multiple industries
✔️ Independent and objective
✔️ Focused on risk reduction and value optimization
✔️ Aligned with real-world execution challenges
Professional
Engagement
Project reviews are conducted under
a formal professional engagement, including defined scope, deliverables,
timeline, and confidentiality arrangements.
Call
to Action
👉 Planning a project or facing challenges in execution?
Contact us to request a Project Review or discuss how our methodology
can support your decision-making process.
📩 Email: afakar@gmail.com
📱 WhatsApp: +62 813-6864-3249
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