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In this episode of Beyond the Capex, Cristian Gonzalez and Luis Gomez discuss the critical factors leading to the failure of capital projects and the importance of effective front-end planning. They delve into the FEL (Front-End Loading) methodology and the Stage Gate process, emphasizing how proper execution in the early stages can significantly impact project success. The conversation highlights the need for robust planning, the role of people in project execution, and the consequences of rushing through critical phases. The hosts share insights and statistics that underline the value of investing in front-end planning to achieve better project outcomes. Resources: The Industrial Capital Project Playbook: A practical framework for project leadership, planning, and readiness. Buy a copy on Amazon: https://a.co/d/0eVPKtt Takeaways More than 65% of large capital projects fail to meet objectives. Front-end planning is crucial for project success. FEL methodology helps in structured project execution. The right team is essential for project success. Rushing through FEL phases leads to significant cost overruns. Investing in FEL can yield substantial savings. The first two years post-startup are critical for ROI. Stakeholder alignment is vital for project success. Effective communication is key in project management. Don't treat FEL as a checkbox; take it seriously.