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Cost engineering is "the engineering practice devoted to the management of project cost, involving such activities as estimating, cost control, cost forecasting, investment appraisal and risk analysis". [1] "Cost Engineers budget, plan and monitor investment projects. They seek the optimum balance between cost, quality and time requirements." [2]
A process flow diagram (PFD) is a diagram commonly used in chemical and process engineering to indicate the general flow of plant processes and equipment. The PFD displays the relationship between major equipment of a plant facility and does not show minor details such as piping details and designations.
A control-flow diagram (CFD) is a diagram to describe the control flow of a business process, process or review. Control-flow diagrams were developed in the 1950s, and are widely used in multiple engineering disciplines. They are one of the classic business process modeling methodologies, along with flow charts, drakon-charts, data flow ...
Process engineering is the understanding and ... the use of a process flow diagram ... the scope of the project, then developing a cost estimate to get the design ...
The flow process chart is a graphical and symbolic representation of the activities performed on the work piece during the operation in industrial engineering. [1]
The term process management usually refers to the management of engineering processes and project management processes where a process is a collection of related, structured tasks that produce a specific service or product to address a certain goal for a particular organization, actor or set of actors. [4] Processes can be executed with ...
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A chemical process is a series of unit operations used to produce a material in large quantities. In the chemical industry, chemical engineers will use the following to define or illustrate a process: Process flow diagram (PFD) Piping and instrumentation diagram (P&ID) Simplified process description; Detailed process description; Project management