Koura, an Orbia company, was preparing for one of the largest capital projects in its history at its St. Gabriel, Louisiana site. The project carried significant complexity: overlapping greenfield developments, a high-stakes joint venture, and interdependent timelines.
Several risks stood out:
Ultimately, changing underlying conditions led Koura to shelve the project before execution. This outcome highlights one of FEL’s most important functions: ensuring that major capital projects only advance when definition maturity and risk justify the investment. By completing a disciplined FEL-2, Koura made an informed decision that protected the company from greater downside exposure.
Large projects demand strong Owner’s capability from the start. Whether your team needs to build FEL-2 discipline, stand up an Owner’s Engineering function, or improve definition maturity.
Capital Decision Readiness References (FEL 2–3)
Reference checklists used to support FEL and capex decisions.
(from The Industrial Capital Project Playbook)