FERSC will use four principles to guide a rigorous project selection and management process: 1) stakeholder-centric, 2) outcome-oriented, 3) peer-reviewed, and 4) continuous improvement. Stakeholders will be involved throughout the lifecycle of research activities, from project statement preparation, through project selection and project report review. FERSC has formed three boards: executive board (EB), research advisory board (RAB), and industry advisory board (IAB). These will be involved throughout the entire process.