Complete plant engineering
Need to study the feasibility of a project
The need to address the development of engineering by steps is evident when we consider the possibility for the arise of situations leading to the stop of a project.
First, there is always the possibility for a project to be technically feasible while the return on investment is too low, and therefore not enough interesting from a financial standpoint. In this case, the project is feasible but not economically attractive and thus is not pursued by the developer.
Stages of development of Information
The phases of the engineering are defined below.
Conceptual engineering
Responds to the need of giving a first estimate of the costs and the likely outcome of a project, based on a minimal development of engineering (typically around 2%).
