Understanding of Data

In Chemical Process Industries during plant operation, we continuously generate huge volume of Data. The main sources of this data generation are plant control systems (DCS, PLCs, etc.), ERP system, QC/PC labs, Plant operation log books, etc. This data is very useful to understand the performance and correct decision making for plant operation and various […]

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Project Scheduling Techniques in Project Management

In project management scheduling is the listing of activities and milestones for a project from start date to finish date. Moreover, this listing is based on logical and sequential manner. A project schedule can be at a very top level showing some main activities and milestones. This high-level project schedule is prepared for the top

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Project Investment Appraisal Methods

As a chemical engineer there are situations, where we need to evaluate various investment options for purchasing a machine or going for a new plant project. So, to select the best option among available alternatives we use project investment appraisal methods or techniques.  There are many Investment appraisal techniques like payback period, return on investment,

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