YD's Diary #12 A Brief Comparison of What I Do(My Project Management by F1 racing)

My job in plant design projects isn’t very common, so it’s hard to explain. I’ve always thought about how to explain it, and comparing it to F1 car racing seemed like a good idea.Understanding other fields often helps in my own work. 

I started with managing EPC (Engineering, Procurement, and Construction) projects for chemical plants, from before contracts to plant completion, handling contract matters, and receiving the project final bonds. I then worked on proposals and FEED (FEL3) tasks, and later prepared for FEL1 and FEL2 tasks. I’ve done for FEL1 work and served as a small Study Manager. Therefore, I think I have broad experience in plant design project management and am very satisfied with it. 

In keywords, it’s FEL1 (Feasibility Study), FEL2 (Pre-FEED), FEL3 (FEED), Proposal, and Execution. This diary is the overall story of a project's beginning to end. 

To explain, let’s use the famous F1 racing game with Michael Schumacher. 

- Execution in EPC is like Michael Schumacher actually racing. It’s the main game, with famous superstars and actual revenue. 

- Proposal is like planning the race course, calculating fuel needs, and making plans before the real race. 

- Project execution is like winning a place in the race, and Proposal aims to qualify for the race. In our terms, a project must be profitable, and a proposal must win the bid. 

- In FEL1, FEL2, and FEL3, it's like designing the F1 racing track. While proposals and projects involve driving the car, designing the track involves walking or working at a desk to attract more spectators. In project in my work, the goal is more efficient EPC execution, plant operation, and investment recovery. FYI, in this stage, there are too much definition with various reason. so I think there is no answer what is the definition for FEL1,2,3 exactly. but it is ok if we know principle how to grow and develop. 

To explain in order, 

- In FEL1, we study whether investing money to build a track and hold races will be profitable. It’s about narrowing down realistic options. 

- FEL2 involves choosing among the lots of studies from FEL1. 

- FEL3 involves making detailed plans to carry out the chosen option. 

- EPC companies bid on these plans during the proposal phase. If someone win the bid, they execute the plan, complete the project, and hand over the result to the client. We might also participate in operation. 

As a member of Samsung E&A, I'm really proud that we are world-class in all these processes. In this process, I work on project management and believe I am one of the top performers, but I still have much to learn. I have been working hard every day and having experience and improving skills. 

My pride in this job comes from being able to lead the entire process from FEL1 to handover if I got only one sentence "a client wants to build an Air Separation Plant GOX 3000MTPD."

#PMP #MBA #FEL #FEED

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