Risk management is the identification, evaluation, and prioritization of risks , followed by the minimization, monitoring, and control of the impact or probability of those risks occurring.
135-508: Engineers , as practitioners of engineering , are professionals who invent , design , analyze, build and test machines , complex systems , structures , gadgets and materials to fulfill functional objectives and requirements while considering the limitations imposed by practicality, regulation, safety and cost. The word engineer ( Latin ingeniator , the origin of the Ir. in the title of engineer in countries like Belgium and The Netherlands)
270-706: A professional role , a risk manager will "oversee the organization's comprehensive insurance and risk management program, assessing and identifying risks that could impede the reputation, safety, security, or financial success of the organization", and then develop plans to minimize and / or mitigate any negative (financial) outcomes. Risk Analysts support the technical side of the organization's risk management approach: once risk data has been compiled and evaluated, analysts share their findings with their managers, who use those insights to decide among possible solutions. See also Chief Risk Officer , internal audit , and Financial risk management § Corporate finance . Risk
405-590: A property or business to avoid legal liability is one such example. Avoiding airplane flights for fear of hijacking . Avoidance may seem like the answer to all risks, but avoiding risks also means losing out on the potential gain that accepting (retaining) the risk may have allowed. Not entering a business to avoid the risk of loss also avoids the possibility of earning profits. Increasing risk regulation in hospitals has led to avoidance of treating higher risk conditions, in favor of patients presenting with lower risk. Risk reduction or "optimization" involves reducing
540-413: A "transfer of risk." However, technically speaking, the buyer of the contract generally retains legal responsibility for the losses "transferred", meaning that insurance may be described more accurately as a post-event compensatory mechanism. For example, a personal injuries insurance policy does not transfer the risk of a car accident to the insurance company. The risk still lies with the policyholder namely
675-525: A 2014 study. [REDACTED] Media related to Engineers at Wikimedia Commons Engineering Engineering is the practice of using natural science , mathematics , and the engineering design process to solve technical problems, increase efficiency and productivity, and improve systems. Modern engineering comprises many subfields which include designing and improving infrastructure , machinery , vehicles , electronics , materials , and energy systems. The discipline of engineering encompasses
810-612: A BS degree in engineering accredited by the Engineering Accreditation Commission (EAC) of Accreditation Board for Engineering and Technology (ABET) with no exceptions, about two thirds of the states accept BS degrees in engineering technology accredited by the Engineering Technology Accreditation Commission (ETAC) of ABET to become licensed as professional engineers . Each state has different requirements on years of experience to take
945-552: A P.Eng. designation. In the United States, the practice of professional engineering is highly regulated and the title "professional engineer" is legally protected, meaning that it is unlawful to use it to offer engineering services to the public unless permission, certification or other official endorsement is specifically granted by that state through a professional engineering license. Certain Spanish-speaking countries follow
1080-416: A balance between negative risk and the benefit of the operation or activity; and between risk reduction and effort applied. By effectively applying Health, Safety and Environment (HSE) management standards, organizations can achieve tolerable levels of residual risk . Modern software development methodologies reduce risk by developing and delivering software incrementally. Early methodologies suffered from
1215-694: A broad range of more specialized fields of engineering , each with a more specific emphasis on particular areas of applied mathematics , applied science , and types of application. See glossary of engineering . The term engineering is derived from the Latin ingenium , meaning "cleverness". The American Engineers' Council for Professional Development (ECPD, the predecessor of ABET ) has defined "engineering" as: The creative application of scientific principles to design or develop structures, machines, apparatus, or manufacturing processes, or works utilizing them singly or in combination; or to construct or operate
1350-407: A commercial scale, such as the manufacture of commodity chemicals , specialty chemicals , petroleum refining , microfabrication , fermentation , and biomolecule production . Civil engineering is the design and construction of public and private works, such as infrastructure (airports, roads, railways, water supply, and treatment etc.), bridges, tunnels, dams, and buildings. Civil engineering
1485-517: A company may outsource only its software development, the manufacturing of hard goods, or customer support needs to another company, while handling the business management itself. This way, the company can concentrate more on business development without having to worry as much about the manufacturing process, managing the development team, or finding a physical location for a center. Also, implanting controls can also be an option in reducing risk. Controls that either detect causes of unwanted events prior to
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#17330858141511620-533: A count of 2,000. There were fewer than 50 engineering graduates in the U.S. before 1865. In 1870 there were a dozen U.S. mechanical engineering graduates, with that number increasing to 43 per year in 1875. In 1890, there were 6,000 engineers in civil, mining , mechanical and electrical. There was no chair of applied mechanism and applied mechanics at Cambridge until 1875, and no chair of engineering at Oxford until 1907. Germany established technical universities earlier. The foundations of electrical engineering in
1755-420: A demand for machinery with metal parts, which led to the development of several machine tools . Boring cast iron cylinders with precision was not possible until John Wilkinson invented his boring machine , which is considered the first machine tool . Other machine tools included the screw cutting lathe , milling machine , turret lathe and the metal planer . Precision machining techniques were developed in
1890-667: A doctorate would use the pre-nominal title "Doctor". In the UK, the practice of engineering is not a regulated profession but control of the titles of chartered engineer (CEng) and incorporated engineer (IEng) is regulated. These titles are protected by law and are subject to strict requirements defined by the Engineering Council . The title CEng is in use in nations of the Commonwealth of Nations that follow or adapt British professional codes. Many skilled and semi-skilled tradespeople in
2025-440: A firm that requires engineers on a continuous basis, or may belong to an engineering firm that provides engineering consulting services to other firms. When developing a product, engineers typically work in interdisciplinary teams. For example, when building robots an engineering team will typically have at least three types of engineers. A mechanical engineer would design the body and actuators. An electrical engineer would design
2160-426: A formal engineering qualification of at least a bachelor's degree are permitted to describe themselves as an engineer. So much so that people holding such qualifications are entitled to use the pre-nominal title of " Ingegnere " (or " Ingegnera " if female - in both cases often abbreviated to "Ing.") in lieu of "Signore", "Signorina" or "Signora" (Mr, Miss and Mrs respectively) in the same manner as someone holding
2295-484: A higher probability but lower loss, versus a risk with higher loss but lower probability. Opportunity cost represents a unique challenge for risk managers. It can be difficult to determine when to put resources toward risk management and when to use those resources elsewhere. Again, ideal risk management optimises resource usage (spending, manpower etc), and also minimizes the negative effects of risks. Opportunities first appear in academic research or management books in
2430-502: A large sum and jailed, as it is usually reserved for graduates of French engineering grandes écoles . Engineering schools which were created during the French revolution have a special reputation among the French people, as they helped to make the transition from a mostly agricultural country of late 18th century to the industrially developed France of the 19th century. A great part of 19th-century France's economic wealth and industrial prowess
2565-413: A multi-national corporation. Agricultural machinery such as tractors, combine harvesters , forage harvesters . Agricultural technology incorporates such things as robotics and autonomous vehicles . Engineers have obligations to the public, their clients, employers, and the profession. Many engineering societies have established codes of practice and codes of ethics to guide members and inform
2700-456: A project report or thesis) and passage of engineering board examinations. The work of engineers forms the link between scientific discoveries and their subsequent applications to human and business needs and quality of life. In 1961, the Conference of Engineering Societies of Western Europe and the United States of America defined " professional engineer " as follows: A professional engineer
2835-400: A result, many engineers continue to learn new material throughout their careers. If multiple solutions exist, engineers weigh each design choice based on their merit and choose the solution that best matches the requirements. The task of the engineer is to identify, understand, and interpret the constraints on a design in order to yield a successful result. It is generally insufficient to build
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#17330858141512970-546: A ring made of iron or stainless steel that is worn on the little finger of the dominant hand. This tradition began in 1925 in Canada with The Ritual of the Calling of an Engineer , where the ring serves as a symbol and reminder of the engineer's obligations to the engineering profession. In 1972, the practice was adopted by several colleges in the United States including members of the Order of
3105-417: A schedule for control implementation and responsible persons for those actions. There are four basic steps of risk management plan, which are threat assessment, vulnerability assessment, impact assessment and risk mitigation strategy development. According to ISO/IEC 27001 , the stage immediately after completion of the risk assessment phase consists of preparing a Risk Treatment Plan, which should document
3240-411: A technically successful product, rather, it must also meet further requirements. Constraints may include available resources, physical, imaginative or technical limitations, flexibility for future modifications and additions, and other factors, such as requirements for cost, safety , marketability, productivity, and serviceability . By understanding the constraints, engineers derive specifications for
3375-618: A testament to the ingenuity and skill of ancient civil and military engineers. Other monuments, no longer standing, such as the Hanging Gardens of Babylon and the Pharos of Alexandria , were important engineering achievements of their time and were considered among the Seven Wonders of the Ancient World . The six classic simple machines were known in the ancient Near East . The wedge and
3510-909: A useful purpose. Examples of bioengineering research include bacteria engineered to produce chemicals, new medical imaging technology, portable and rapid disease diagnostic devices, prosthetics, biopharmaceuticals, and tissue-engineered organs. Interdisciplinary engineering draws from more than one of the principle branches of the practice. Historically, naval engineering and mining engineering were major branches. Other engineering fields are manufacturing engineering , acoustical engineering , corrosion engineering , instrumentation and control , aerospace , automotive , computer , electronic , information engineering , petroleum , environmental , systems , audio , software , architectural , agricultural , biosystems , biomedical , geological , textile , industrial , materials , and nuclear engineering . These and other branches of engineering are represented in
3645-622: A way to distinguish between those specializing in the construction of such non-military projects and those involved in the discipline of military engineering . The pyramids in ancient Egypt , ziggurats of Mesopotamia , the Acropolis and Parthenon in Greece, the Roman aqueducts , Via Appia and Colosseum, Teotihuacán , and the Brihadeeswarar Temple of Thanjavur , among many others, stand as
3780-524: A worldwide basis, assimilating such information , and applying it independently. He/she is thus placed in a position to make contributions to the development of engineering science or its applications. His/her education and training will have been such that he/she will have acquired a broad and general appreciation of the engineering sciences as well as thorough insight into the special features of his/her own branch. In due time he/she will be able to give authoritative technical advice and assume responsibility for
3915-477: Is ISO Guide 31073:2022 , "Risk management — Vocabulary". Ideally in risk management, a prioritization process is followed. Whereby the risks with the greatest loss (or impact) and the greatest probability of occurring are handled first. Risks with lower probability of occurrence and lower loss are handled in descending order. In practice the process of assessing overall risk can be tricky, and organisation has to balance resources used to mitigate between risks with
4050-428: Is applied physics . Engineers also may specialize in one industry, such as motor vehicles, or in one type of technology, such as turbines or semiconductor materials. Several recent studies have investigated how engineers spend their time; that is, the work tasks they perform and how their time is distributed among these. Research suggests that there are several key themes present in engineers' work: technical work (i.e.,
4185-513: Is a broad discipline that is often broken down into several sub-disciplines. Although an engineer will usually be trained in a specific discipline, he or she may become multi-disciplined through experience. Engineering is often characterized as having four main branches: chemical engineering, civil engineering, electrical engineering, and mechanical engineering. Chemical engineering is the application of physics, chemistry, biology, and engineering principles in order to carry out chemical processes on
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4320-443: Is a regulated profession whose practice and practitioners are licensed and governed by law. Licensed professional engineers are referred to as P.Eng. Many Canadian engineers wear an Iron Ring . In all Canadian provinces, the title "Professional Engineer" is protected by law and any non-licensed individual or company using the title is committing a legal offence and is subject to fines and restraining orders. Contrary to insistence from
4455-427: Is a viable strategy for small risks where the cost of insuring against the risk would be greater over time than the total losses sustained. All risks that are not avoided or transferred are retained by default. This includes risks that are so large or catastrophic that either they cannot be insured against or the premiums would be infeasible. War is an example since most property and risks are not insured against war, so
4590-460: Is actually focused on a particular discipline; candidates for licensure typically choose the category of examination which comes closest to their respective expertise. In the United States, an "industrial exemption" allows businesses to employ employees and call them an "engineer", as long as such individuals are under the direct supervision and control of the business entity and function internally related to manufacturing (manufactured parts) related to
4725-492: Is also an information-intensive field, with research finding that engineers spend 55.8% of their time engaged in various different information behaviors, including 14.2% actively information from other people (7.8%) and information repositories such as documents and databases (6.4%). The time engineers spend engaged in such activities is also reflected in the competencies required in engineering roles. In addition to engineers' core technical competence, research has also demonstrated
4860-730: Is associated with anything constructed on or within the Earth. This discipline applies geological sciences and engineering principles to direct or support the work of other disciplines such as civil engineering , environmental engineering , and mining engineering . Geological engineers are involved with impact studies for facilities and operations that affect surface and subsurface environments, such as rock excavations (e.g. tunnels ), building foundation consolidation, slope and fill stabilization, landslide risk assessment, groundwater monitoring, groundwater remediation , mining excavations, and natural resource exploration. One who practices engineering
4995-497: Is called an engineer , and those licensed to do so may have more formal designations such as Professional Engineer , Chartered Engineer , Incorporated Engineer , Ingenieur , European Engineer , or Designated Engineering Representative . In the engineering design process, engineers apply mathematics and sciences such as physics to find novel solutions to problems or to improve existing solutions. Engineers need proficient knowledge of relevant sciences for their design projects. As
5130-425: Is competent by virtue of his/her fundamental education and training to apply the scientific method and outlook to the analysis and solution of engineering problems. He/she is able to assume personal responsibility for the development and application of engineering science and knowledge , notably in research, design, construction, manufacturing, superintending, managing, and in the education of the engineer. His/her work
5265-511: Is defined as the possibility that an event will occur that adversely affects the achievement of an objective. Uncertainty, therefore, is a key aspect of risk. Risk management appears in scientific and management literature since the 1920s. It became a formal science in the 1950s, when articles and books with "risk management" in the title also appear in library searches. Most of research was initially related to finance and insurance. One popular standard clarifying vocabulary used in risk management
5400-453: Is derived from the Latin words ingeniare ("to contrive, devise") and ingenium ("cleverness"). The foundational qualifications of a licensed professional engineer typically include a four-year bachelor's degree in an engineering discipline , or in some jurisdictions, a master's degree in an engineering discipline plus four to six years of peer-reviewed professional practice (culminating in
5535-451: Is determining the rate of occurrence since statistical information is not available on all kinds of past incidents and is particularly scanty in the case of catastrophic events, simply because of their infrequency. Furthermore, evaluating the severity of the consequences (impact) is often quite difficult for intangible assets. Asset valuation is another question that needs to be addressed. Thus, best educated opinions and available statistics are
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5670-424: Is given to people with a (master's) degree in chemistry, technology or economics for historical and traditional reasons. In Greece, the academic title of "Diploma Engineer" is awarded after completion of the five-year engineering study course and the title of "Certified Engineer" is awarded after completion of the four-year course of engineering studies at a Technological Educational Institute (TEI). The definition of
5805-589: Is indicated with the use of post-nominal letters ; PE or P.Eng. These are common in North America, as is European engineer (EUR ING) in Europe. In the United States, engineering is a regulated profession whose practice and practitioners are licensed and governed by law. Licensure is generally attainable through combination of education, pre-examination ( Fundamentals of Engineering exam ), examination (professional engineering exam), and engineering experience (typically in
5940-531: Is known, the events that a source may trigger or the events that can lead to a problem can be investigated. For example: stakeholders withdrawing during a project may endanger funding of the project; confidential information may be stolen by employees even within a closed network; lightning striking an aircraft during takeoff may make all people on board immediate casualties. The chosen method of identifying risks may depend on culture, industry practice and compliance. The identification methods are formed by templates or
6075-525: Is limited to people who hold an engineering degree, have passed a professional qualification examination ( Esame di Stato ) and are enrolled in the register of the local branch of National Associations of Engineers (a public body). In Portugal, professional engineer titles and accredited engineering degrees are regulated and certified by the Ordem dos Engenheiros . In the Czech Republic, the title "engineer" (Ing.)
6210-414: Is often used in place of risk-sharing in the mistaken belief that you can transfer a risk to a third party through insurance or outsourcing. In practice, if the insurance company or contractor go bankrupt or end up in court, the original risk is likely to still revert to the first party. As such, in the terminology of practitioners and scholars alike, the purchase of an insurance contract is often described as
6345-419: Is predominantly intellectual and varied and not of a routine mental or physical character. It requires the exercise of original thought and judgment and the ability to supervise the technical and administrative work of others. His/her education will have been such as to make him/her capable of closely and continuously following progress in his/her branch of engineering science by consulting newly published works on
6480-428: Is the design and manufacture of physical or mechanical systems, such as power and energy systems, aerospace / aircraft products, weapon systems , transportation products, engines , compressors , powertrains , kinematic chains , vacuum technology, vibration isolation equipment, manufacturing , robotics, turbines, audio equipments, and mechatronics . Bioengineering is the engineering of biological systems for
6615-483: Is therefore difficult or impossible to predict. A common error in risk assessment and management is to underestimate the wildness of risk, assuming risk to be mild when in fact it is wild, which must be avoided if risk assessment and management are to be valid and reliable, according to Mandelbrot. According to the standard ISO 31000 , "Risk management – Guidelines", the process of risk management consists of several steps as follows: This involves: After establishing
6750-664: Is traditionally broken into a number of sub-disciplines, including structural engineering , environmental engineering , and surveying . It is traditionally considered to be separate from military engineering . Electrical engineering is the design, study, and manufacture of various electrical and electronic systems, such as broadcast engineering , electrical circuits , generators , motors , electromagnetic / electromechanical devices, electronic devices , electronic circuits , optical fibers , optoelectronic devices , computer systems, telecommunications , instrumentation , control systems , and electronics . Mechanical engineering
6885-831: The Neo-Assyrian period (911–609) BC. The Egyptian pyramids were built using three of the six simple machines, the inclined plane, the wedge, and the lever, to create structures like the Great Pyramid of Giza . The earliest civil engineer known by name is Imhotep . As one of the officials of the Pharaoh , Djosèr , he probably designed and supervised the construction of the Pyramid of Djoser (the Step Pyramid ) at Saqqara in Egypt around 2630–2611 BC. The earliest practical water-powered machines,
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#17330858141517020-542: The Newcomen steam engine . Smeaton designed the third Eddystone Lighthouse (1755–59) where he pioneered the use of ' hydraulic lime ' (a form of mortar which will set under water) and developed a technique involving dovetailed blocks of granite in the building of the lighthouse. He is important in the history, rediscovery of, and development of modern cement , because he identified the compositional requirements needed to obtain "hydraulicity" in lime; work which led ultimately to
7155-675: The Project Management Institute , the National Institute of Standards and Technology , actuarial societies, and International Organization for Standardization . Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management , security , engineering , industrial processes , financial portfolios , actuarial assessments , or public health and safety . Certain risk management standards have been criticized for having no measurable improvement on risk, whereas
7290-403: The U.S. Army Corps of Engineers . The word "engine" itself is of even older origin, ultimately deriving from the Latin ingenium ( c. 1250 ), meaning "innate quality, especially mental power, hence a clever invention." Later, as the design of civilian structures, such as bridges and buildings, matured as a technical discipline, the term civil engineering entered the lexicon as
7425-517: The inclined plane (ramp) were known since prehistoric times. The wheel , along with the wheel and axle mechanism, was invented in Mesopotamia (modern Iraq) during the 5th millennium BC. The lever mechanism first appeared around 5,000 years ago in the Near East , where it was used in a simple balance scale , and to move large objects in ancient Egyptian technology . The lever was also used in
7560-553: The shadoof water-lifting device, the first crane machine, which appeared in Mesopotamia c. 3000 BC , and then in ancient Egyptian technology c. 2000 BC . The earliest evidence of pulleys date back to Mesopotamia in the early 2nd millennium BC, and ancient Egypt during the Twelfth Dynasty (1991–1802 BC). The screw , the last of the simple machines to be invented, first appeared in Mesopotamia during
7695-624: The water wheel and watermill , first appeared in the Persian Empire , in what are now Iraq and Iran, by the early 4th century BC. Kush developed the Sakia during the 4th century BC, which relied on animal power instead of human energy. Hafirs were developed as a type of reservoir in Kush to store and contain water as well as boost irrigation. Sappers were employed to build causeways during military campaigns. Kushite ancestors built speos during
7830-412: The 14th century when an engine'er (literally, one who builds or operates a siege engine ) referred to "a constructor of military engines". In this context, now obsolete, an "engine" referred to a military machine, i.e. , a mechanical contraption used in war (for example, a catapult ). Notable examples of the obsolete usage which have survived to the present day are military engineering corps, e.g. ,
7965-426: The 1800s included the experiments of Alessandro Volta , Michael Faraday , Georg Ohm and others and the invention of the electric telegraph in 1816 and the electric motor in 1872. The theoretical work of James Maxwell (see: Maxwell's equations ) and Heinrich Hertz in the late 19th century gave rise to the field of electronics . The later inventions of the vacuum tube and the transistor further accelerated
8100-1044: The 1990s. The first PMBoK Project Management Body of Knowledge draft of 1987 doesn't mention opportunities at all. Modern project management school recognize the importance of opportunities. Opportunities have been included in project management literature since the 1990s, e.g. in PMBoK, and became a significant part of project risk management in the years 2000s, when articles titled "opportunity management" also begin to appear in library searches. Opportunity management thus became an important part of risk management. Modern risk management theory deals with any type of external events, positive and negative. Positive risks are called opportunities . Similarly to risks, opportunities have specific mitigation strategies: exploit, share, enhance, ignore. In practice, risks are considered "usually negative". Risk-related research and practice focus significantly more on threats than on opportunities. This can lead to negative phenomena such as target fixation . For
8235-593: The 36 licensed member institutions of the UK Engineering Council . New specialties sometimes combine with the traditional fields and form new branches – for example, Earth systems engineering and management involves a wide range of subject areas including engineering studies , environmental science , engineering ethics and philosophy of engineering . Aerospace engineering covers the design, development, manufacture and operational behaviour of aircraft , satellites and rockets . Marine engineering covers
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#17330858141518370-576: The 9th century. In 1206, Al-Jazari invented programmable automata / robots . He described four automaton musicians, including drummers operated by a programmable drum machine , where they could be made to play different rhythms and different drum patterns. Before the development of modern engineering, mathematics was used by artisans and craftsmen, such as millwrights , clockmakers , instrument makers and surveyors. Aside from these professions, universities were not believed to have had much practical significance to technology. A standard reference for
8505-531: The Antikythera mechanism, required sophisticated knowledge of differential gearing or epicyclic gearing , two key principles in machine theory that helped design the gear trains of the Industrial Revolution, and are widely used in fields such as robotics and automotive engineering . Ancient Chinese, Greek, Roman and Hunnic armies employed military machines and inventions such as artillery which
8640-505: The Association for Professional Engineers and Geoscientists ( APEGBC ) in order to become a Professional Engineer and be granted the professional designation of P.Eng allowing one to practice engineering. In Continental Europe , Latin America, Turkey, and elsewhere the title is limited by law to people with an engineering degree and the use of the title by others is illegal. In Italy, the title
8775-478: The Bronze Age between 3700 and 3250 BC. Bloomeries and blast furnaces were also created during the 7th centuries BC in Kush. Ancient Greece developed machines in both civilian and military domains. The Antikythera mechanism , an early known mechanical analog computer , and the mechanical inventions of Archimedes , are examples of Greek mechanical engineering. Some of Archimedes' inventions, as well as
8910-511: The Engineer . Most engineering programs involve a concentration of study in an engineering specialty, along with courses in both mathematics and the physical and life sciences. Many programs also include courses in general engineering and applied accounting. A design course, often accompanied by a computer or laboratory class or both, is part of the curriculum of most programs. Often, general courses not directly related to engineering, such as those in
9045-487: The Fundamentals of Engineering (FE) and Professional Engineering (PE) exams. A few states require a graduate MS in engineering to sit for the exams as further learning. After seven years of working after graduation, two years of responsibility for significant engineering work, continuous professional development, some highly qualified PEs are able to become International Professional Engineers Int(PE). These engineers must meet
9180-573: The General Certificate of Secondary Education ( Arabic : الثانوية العامة al-Thānawiyyah al-`Āmmah ) – in the order of 97 or 98 per cent – and are thus considered (along with the colleges of medicine, natural science, and pharmacy) to be among the "pinnacle colleges" ( كليات القمة kullīyāt al-qimmah ). In the Philippines and Filipino communities overseas , engineers who are either Filipino or not, especially those who also profess other jobs at
9315-534: The Haby reform and a series of further reforms ( Modernization plans of French universities ), several engineering schools were created which can be accessed with relatively lower competition. Engineering positions in France are now shared between the ingénieurs diplomés graduating from engineering grandes écoles and the holders of a master's degree in science from public universities . In Italy, only people who hold
9450-546: The Italian convention of engineers using the pre-nominal title, in this case " ingeniero " (or " ingeniera " if female). Like in Italy, it is usually abbreviated to "Ing." In Spain this practice is not followed. The engineering profession enjoys high prestige in Spain, ranking close to medical doctors, scientists and professors, and above judges, journalists or entrepreneurs, according to
9585-626: The Professional Engineers Ontario ("PEO") and Engineers Canada, use of the title "Engineer" itself has been found by Canadian law to be acceptable by those not holding P.Eng. titles. The title of engineer is not exclusive to P.Eng titles. The title of Engineer is commonly held by " Software Engineer ", the Canadian Military as various ranks and positions, railway locomotive engineers , Stationary engineer and Aircraft Maintenance Engineers (AME), all of which do not commonly hold
9720-454: The UK, including, for example, engineering technicians who service domestic appliances or telephone systems, call themselves engineers, and the term in that context is commonly used by the public. Proposals such as a 2015 petition to the UK parliament to legally protect the title "engineer" so that only professional engineers could use it have been unsuccessful (as of 2023) In Canada, engineering
9855-582: The United States went to Josiah Willard Gibbs at Yale University in 1863; it was also the second PhD awarded in science in the U.S. Only a decade after the successful flights by the Wright brothers , there was extensive development of aeronautical engineering through development of military aircraft that were used in World War I . Meanwhile, research to provide fundamental background science continued by combining theoretical physics with experiments. Engineering
9990-480: The United States, post-secondary degree programs in engineering are accredited by the Accreditation Board for Engineering and Technology . In many countries, engineering tasks such as the design of bridges, electric power plants, industrial equipment, machine design and chemical plants, must be approved by a licensed professional engineer. Most commonly titled professional engineer is a license to practice and
10125-483: The acceptance technique, the business intentionally assumes risks without financial protections in the hopes that possible gains will exceed prospective losses. The transfer approach shields the business from losses by shifting risks to a third party, frequently in exchange for a fee, while the third-party benefits from the project. By choosing not to participate in high-risk ventures, the avoidance strategy avoids losses but also loses out on possibilities. Last but not least,
10260-654: The application of science to product development), social work (i.e., interactive communication between people), computer-based work and information behaviors. Among other more detailed findings, a 2012 work sampling study found that engineers spend 62.92% of their time engaged in technical work, 40.37% in social work, and 49.66% in computer-based work. Furthermore, there was considerable overlap between these different types of work, with engineers spending 24.96% of their time engaged in technical and social work, 37.97% in technical and non-social, 15.42% in non-technical and social, and 21.66% in non-technical and non-social. Engineering
10395-502: The appropriate level of management. For instance, a risk concerning the image of the organization should have top management decision behind it whereas IT management would have the authority to decide on computer virus risks. The risk management plan should propose applicable and effective security controls for managing the risks. For example, an observed high risk of computer viruses could be mitigated by acquiring and implementing antivirus software. A good risk management plan should contain
10530-414: The area of 5+ years). Each state tests and licenses professional engineers. Currently, most states do not license by specific engineering discipline, but rather provide generalized licensure, and trust engineers to use professional judgment regarding their individual competencies; this is the favoured approach of the professional societies. Despite this, at least one of the examinations required by most states
10665-474: The areas surrounding the improved traffic capacity. Over time, traffic thereby increases to fill available capacity. Turnpikes thereby need to be expanded in a seemingly endless cycles. There are many other engineering examples where expanded capacity (to do any function) is soon filled by increased demand. Since expansion comes at a cost, the resulting growth could become unsustainable without forecasting and management. The fundamental difficulty in risk assessment
10800-409: The aviation pioneers around the start of the 20th century although the work of Sir George Cayley has recently been dated as being from the last decade of the 18th century. Early knowledge of aeronautical engineering was largely empirical with some concepts and skills imported from other branches of engineering. The first PhD in engineering (technically, applied science and engineering ) awarded in
10935-418: The business entity, or work internally within an exempt organization. Such person does not have the final authority to approve, or the ultimate responsibility for, engineering designs, plans, or specifications that are to be incorporated into fixed works, systems, or facilities on the property of others or made available to the public. These individuals are prohibited from offering engineering services directly to
11070-457: The case of an unlikely event, the probability of occurrence of which is unknown. Therefore, in the assessment process it is critical to make the best educated decisions in order to properly prioritize the implementation of the risk management plan . Even a short-term positive improvement can have long-term negative impacts. Take the "turnpike" example. A highway is widened to allow more traffic. More traffic capacity leads to greater development in
11205-439: The causes of a process failure, and test output to maintain quality. They also estimate the time and cost required to complete projects . Supervisory engineers are responsible for major components or entire projects. Engineering analysis involves the application of scientific analytic principles and processes to reveal the properties and state of the system, device or mechanism under study. Engineering analysis proceeds by separating
11340-504: The confidence in estimates and decisions seems to increase. Strategies to manage threats (uncertainties with negative consequences) typically include avoiding the threat, reducing the negative effect or probability of the threat, transferring all or part of the threat to another party, and even retaining some or all of the potential or actual consequences of a particular threat. The opposite of these strategies can be used to respond to opportunities (uncertain future states with benefits). As
11475-429: The consequences occurring during use of the product, or detection of the root causes of unwanted failures that the team can then avoid. Controls may focus on management or decision-making processes. All these may help to make better decisions concerning risk. Briefly defined as "sharing with another party the burden of loss or the benefit of gain, from a risk, and the measures to reduce a risk." The term 'risk transfer'
11610-451: The context, the next step in the process of managing risk is to identify potential risks. Risks are about events that, when triggered, cause problems or benefits. Hence, risk identification can start with the source of problems and those of competitors (benefit), or with the problem's consequences. Some examples of risk sources are: stakeholders of a project, employees of a company or the weather over an airport. When either source or problem
11745-565: The critical nature of their personal attributes, project management skills, and cognitive abilities to success in the role. There are many branches of engineering, each of which specializes in specific technologies and products. Typically, engineers will have deep knowledge in one area and basic knowledge in related areas. For example, mechanical engineering curricula typically include introductory courses in electrical engineering, computer science, materials science, metallurgy, mathematics, and software engineering. An engineer may either be hired for
11880-460: The customers of the enterprise, as well as external impacts on society, markets, or the environment. There are various defined frameworks here, where every probable risk can have a pre-formulated plan to deal with its possible consequences (to ensure contingency if the risk becomes a liability ). Managers thus analyze and monitor both the internal and external environment facing the enterprise, addressing business risk generally, and any impact on
12015-435: The decisions about how each of the identified risks should be handled. Mitigation of risks often means selection of security controls , which should be documented in a Statement of Applicability, which identifies which particular control objectives and controls from the standard have been selected, and why. Implementation follows all of the planned methods for mitigating the effect of the risks. Purchase insurance policies for
12150-571: The design, development, manufacture and operational behaviour of watercraft and stationary structures like oil platforms and ports . Computer engineering (CE) is a branch of engineering that integrates several fields of computer science and electronic engineering required to develop computer hardware and software . Computer engineers usually have training in electronic engineering (or electrical engineering ), software design , and hardware-software integration instead of only software engineering or electronic engineering. Geological engineering
12285-407: The development and large scale manufacturing of chemicals in new industrial plants. The role of the chemical engineer was the design of these chemical plants and processes. Aeronautical engineering deals with aircraft design process design while aerospace engineering is a more modern term that expands the reach of the discipline by including spacecraft design. Its origins can be traced back to
12420-418: The development of electronics to such an extent that electrical and electronics engineers currently outnumber their colleagues of any other engineering specialty. Chemical engineering developed in the late nineteenth century. Industrial scale manufacturing demanded new materials and new processes and by 1880 the need for large scale production of chemicals was such that a new industry was created, dedicated to
12555-434: The development of templates for identifying source, problem or event. Common risk identification methods are: Once risks have been identified, they must then be assessed as to their potential severity of impact (generally a negative impact, such as damage or loss) and to the probability of occurrence. These quantities can be either simple to measure, in the case of the value of a lost building, or impossible to know for sure in
12690-648: The direction of important tasks in his/her branch. Engineers develop new technological solutions. During the engineering design process , the responsibilities of the engineer may include defining problems, conducting and narrowing research, analyzing criteria, finding and analyzing solutions, and making decisions. Much of an engineer's time is spent on researching, locating, applying, and transferring information. Indeed, research suggests engineers spend 56% of their time engaged in various information behaviours, including 14% actively searching for information. Engineers must weigh different design choices on their merits and choose
12825-527: The efficiency of processes. Most engineers specialize in one or more engineering disciplines . Numerous specialties are recognized by professional societies, and each of the major branches of engineering has numerous subdivisions. Civil engineering, for example, includes structural engineering, along with transportation engineering, geotechnical engineering, and materials engineering, including ceramic, metallurgical, and polymer engineering . Mechanical engineering cuts across most disciplines since its core essence
12960-434: The engineering design into the mechanisms of operation or failure, analyzing or estimating each component of the operation or failure mechanism in isolation, and recombining the components. They may analyze risk . Many engineers use computers to produce and analyze designs, to simulate and test how a machine, structure, or system operates, to generate specifications for parts, to monitor the quality of products, and to control
13095-433: The fact that they only delivered software in the final phase of development; any problems encountered in earlier phases meant costly rework and often jeopardized the whole project. By developing in iterations, software projects can limit effort wasted to a single iteration. Outsourcing could be an example of risk sharing strategy if the outsourcer can demonstrate higher capability at managing or reducing risks. For example,
13230-562: The findings of risk assessments in financial, market, or schedule terms. Robert Courtney Jr. (IBM, 1970) proposed a formula for presenting risks in financial terms. The Courtney formula was accepted as the official risk analysis method for the US governmental agencies. The formula proposes calculation of ALE (annualized loss expectancy) and compares the expected loss value to the security control implementation costs ( cost–benefit analysis ). Planning for risk management uses four essential techniques. Under
13365-421: The first commercial piston steam engine in 1712, was not known to have any scientific training. The application of steam-powered cast iron blowing cylinders for providing pressurized air for blast furnaces lead to a large increase in iron production in the late 18th century. The higher furnace temperatures made possible with steam-powered blast allowed for the use of more lime in blast furnaces , which enabled
13500-409: The first half of the 19th century. These included the use of gigs to guide the machining tool over the work and fixtures to hold the work in the proper position. Machine tools and machining techniques capable of producing interchangeable parts lead to large scale factory production by the late 19th century. The United States Census of 1850 listed the occupation of "engineer" for the first time with
13635-702: The highest level of professional competencies and this is a peer-reviewed process. Once the IntPE title is awarded, the engineer can gain easier admission to national registers of a number of members jurisdictions for international practice. In Canada, engineering is a self-regulated profession. The profession in each province is governed by its own engineering association. For instance, in the Province of British Columbia an engineering graduate with four or more years of post graduate experience in an engineering-related field and passing exams in ethics and law will need to be registered by
13770-416: The impact of the event equals risk magnitude." Risk mitigation measures are usually formulated according to one or more of the following major risk options, which are: Later research has shown that the financial benefits of risk management are less dependent on the formula used but are more dependent on the frequency and how risk assessment is performed. In business it is imperative to be able to present
13905-514: The invention of Portland cement . Applied science led to the development of the steam engine. The sequence of events began with the invention of the barometer and the measurement of atmospheric pressure by Evangelista Torricelli in 1643, demonstration of the force of atmospheric pressure by Otto von Guericke using the Magdeburg hemispheres in 1656, laboratory experiments by Denis Papin , who built experimental model steam engines and demonstrated
14040-771: The limits within which a viable object or system may be produced and operated. Risk analysis (engineering) Risks can come from various sources (i.e, threats ) including uncertainty in international markets , political instability , dangers of project failures (at any phase in design, development, production, or sustaining of life-cycles), legal liabilities , credit risk , accidents , natural causes and disasters , deliberate attack from an adversary, or events of uncertain or unpredictable root-cause . There are two types of events wiz. Risks and Opportunities. Negative events can be classified as risks while positive events are classified as opportunities. Risk management standards have been developed by various institutions, including
14175-450: The loss attributed to war is retained by the insured. Also any amounts of potential loss (risk) over the amount insured is retained risk. This may also be acceptable if the chance of a very large loss is small or if the cost to insure for greater coverage amounts is so great that it would hinder the goals of the organization too much. Select appropriate controls or countermeasures to mitigate each risk. Risk mitigation needs to be approved by
14310-587: The most part, these methods consist of the following elements, performed, more or less, in the following order: The Risk management knowledge area, as defined by the Project Management Body of Knowledge PMBoK, consists of the following processes: The International Organization for Standardization (ISO) identifies the following principles for risk management: Benoit Mandelbrot distinguished between "mild" and "wild" risk and argued that risk assessment and management must be fundamentally different for
14445-789: The organization or person making the risk management decisions. Another source, from the US Department of Defense (see link), Defense Acquisition University , calls these categories ACAT, for Avoid, Control, Accept, or Transfer. This use of the ACAT acronym is reminiscent of another ACAT (for Acquisition Category) used in US Defense industry procurements, in which Risk Management figures prominently in decision making and planning. Similarly to risks, opportunities have specific mitigation strategies: exploit, share, enhance, ignore. This includes not performing an activity that could present risk. Refusing to purchase
14580-400: The person who has been in the accident. The insurance policy simply provides that if an accident (the event) occurs involving the policyholder then some compensation may be payable to the policyholder that is commensurate with the suffering/damage. Methods of managing risk fall into multiple categories. Risk-retention pools are technically retaining the risk for the group, but spreading it over
14715-471: The power systems, sensors, electronics, embedded software in electronics, and control circuitry. Finally, a software engineer would develop the software that makes the robot behave properly. Engineers that aspire to management engage in further study in business administration, project management and organizational or business psychology. Often engineers move up the management hierarchy from managing projects, functional departments, divisions and eventually CEOs of
14850-474: The power to weight ratio of steam engines made practical steamboats and locomotives possible. New steel making processes, such as the Bessemer process and the open hearth furnace, ushered in an area of heavy engineering in the late 19th century. One of the most famous engineers of the mid-19th century was Isambard Kingdom Brunel , who built railroads, dockyards and steamships. The Industrial Revolution created
14985-508: The primary sources of information. Nevertheless, risk assessment should produce such information for senior executives of the organization that the primary risks are easy to understand and that the risk management decisions may be prioritized within overall company goals. Thus, there have been several theories and attempts to quantify risks. Numerous different risk formulae exist, but perhaps the most widely accepted formula for risk quantification is: "Rate (or probability) of occurrence multiplied by
15120-429: The public at large. Each engineering discipline and professional society maintains a code of ethics, which the members pledge to uphold. Depending on their specializations, engineers may also be governed by specific statute, whistleblowing, product liability laws, and often the principles of business ethics . Some graduates of engineering programs in North America may be recognized by the iron ring or Engineer's Ring ,
15255-417: The public or other businesses, or engage in practice of engineering unless the business entity is registered with the state's board of engineering, and the practice is carried on or supervised directly only by engineers licensed to engage in the practice of engineering. In some instances, some positions, such as a "sanitation engineer", does not have any basis in engineering sciences. Although some states require
15390-458: The reduction approach lowers risks by implementing strategies like insurance, which provides protection for a variety of asset classes and guarantees reimbursement in the event of losses. Once risks have been identified and assessed, all techniques to manage the risk fall into one or more of these four major categories: Ideal use of these risk control strategies may not be possible. Some of them may involve trade-offs that are not acceptable to
15525-434: The rise of engineering as a profession in the 18th century, the term became more narrowly applied to fields in which mathematics and science were applied to these ends. Similarly, in addition to military and civil engineering, the fields then known as the mechanic arts became incorporated into engineering. Canal building was an important engineering work during the early phases of the Industrial Revolution. John Smeaton
15660-413: The risks being faced. Risk analysis results and management plans should be updated periodically. There are two primary reasons for this: Enterprise risk management (ERM) defines risk as those possible events or circumstances that can have negative influences on the enterprise in question, where the impact can be on the very existence, the resources (human and capital), the products and services, or
15795-406: The risks that it has been decided to transferred to an insurer, avoid all risks that can be avoided without sacrificing the entity's goals, reduce others, and retain the rest. Initial risk management plans will never be perfect. Practice, experience, and actual loss results will necessitate changes in the plan and contribute information to allow possible different decisions to be made in dealing with
15930-615: The same time, are addressed and introduced as Engineer , rather than Sir/Madam in speech or Mr./Mrs./Ms. ( G./Gng./Bb. in Filipino) before surnames. That word is used either in itself or before the given name or surname. As of 2022, thirty two countries in Europe (including nearly all 27 countries of the EU) now recognise the title of "European Engineer" which permits the use of the pre-nominal title of "EUR ING" (always fully capitalised). Each country sets its own precise qualification requirement for
16065-426: The same with full cognizance of their design; or to forecast their behavior under specific operating conditions; all as respects an intended function, economics of operation and safety to life and property. Engineering has existed since ancient times, when humans devised inventions such as the wedge, lever, wheel and pulley, etc. The term engineering is derived from the word engineer , which itself dates back to
16200-447: The severity of the loss or the likelihood of the loss from occurring. For example, sprinklers are designed to put out a fire to reduce the risk of loss by fire. This method may cause a greater loss by water damage and therefore may not be suitable. Halon fire suppression systems may mitigate that risk, but the cost may be prohibitive as a strategy . Acknowledging that risks can be positive or negative, optimizing risks means finding
16335-412: The social sciences or humanities, also are required. Accreditation is the process by which engineering programs are evaluated by an external body to determine if applicable standards are met. The Washington Accord serves as an international accreditation agreement for academic engineering degrees, recognizing the substantial equivalency in the standards set by many major national engineering bodies. In
16470-444: The solution that best matches the requirements and needs. Their crucial and unique task is to identify, understand, and interpret the constraints on a design in order to produce a successful result. Good problem solving skills are an important asset for engineers. Engineers apply techniques of engineering analysis in testing, production, or maintenance. Analytical engineers may supervise production in factories and elsewhere, determine
16605-464: The state of mechanical arts during the Renaissance is given in the mining engineering treatise De re metallica (1556), which also contains sections on geology, mining, and chemistry. De re metallica was the standard chemistry reference for the next 180 years. The science of classical mechanics , sometimes called Newtonian mechanics, formed the scientific basis of much of modern engineering. With
16740-505: The term "engineer" varies across countries and continents. In the Indian subcontinent , Russia, Middle East, Africa, and China, engineering is one of the most sought-after undergraduate courses, for which entrance examinations are highly competitive. In Egypt, the educational system makes engineering the second-most respected profession in the country (after medicine); engineering colleges at Egyptian universities require extremely high marks on
16875-499: The title of engineer is regulated by law. In France, the term ingénieur (engineer) is not a protected title and can be used by anyone who practices this profession. However, the title ingénieur diplomé (graduate engineer) is an official academic title that is protected by the government and is associated with the Diplôme d'Ingénieur , which is a renowned academic degree in France. Anyone misusing this title in France can be fined
17010-414: The transition from charcoal to coke . These innovations lowered the cost of iron, making horse railways and iron bridges practical. The puddling process , patented by Henry Cort in 1784 produced large scale quantities of wrought iron. Hot blast , patented by James Beaumont Neilson in 1828, greatly lowered the amount of fuel needed to smelt iron. With the development of the high pressure steam engine,
17145-426: The two types of risk. Mild risk follows normal or near-normal probability distributions , is subject to regression to the mean and the law of large numbers , and is therefore relatively predictable. Wild risk follows fat-tailed distributions , e.g., Pareto or power-law distributions , is subject to regression to the tail (infinite mean or variance, rendering the law of large numbers invalid or ineffective), and
17280-576: The use of a piston, which he published in 1707. Edward Somerset, 2nd Marquess of Worcester published a book of 100 inventions containing a method for raising waters similar to a coffee percolator . Samuel Morland , a mathematician and inventor who worked on pumps, left notes at the Vauxhall Ordinance Office on a steam pump design that Thomas Savery read. In 1698 Savery built a steam pump called "The Miner's Friend". It employed both vacuum and pressure. Iron merchant Thomas Newcomen , who built
17415-428: The use of the title (though they are all broadly equivalent). Holding the requisite qualification does not afford automatic entitlement. The title has to be applied for (and the appropriate fee paid). The holder is entitled to use the title in their passport. EUR INGs are allowed to describe themselves as professionally qualified engineers and practise as such in any of the 32 participating countries including those where
17550-416: The whole group involves transfer among individual members of the group. This is different from traditional insurance, in that no premium is exchanged between members of the group upfront, but instead, losses are assessed to all members of the group. Risk retention involves accepting the loss, or benefit of gain, from a risk when the incident occurs. True self-insurance falls in this category. Risk retention
17685-623: Was a steam jack driven by a steam turbine , described in 1551 by Taqi al-Din Muhammad ibn Ma'ruf in Ottoman Egypt . The cotton gin was invented in India by the 6th century AD, and the spinning wheel was invented in the Islamic world by the early 11th century, both of which were fundamental to the growth of the cotton industry . The spinning wheel was also a precursor to the spinning jenny , which
17820-513: Was a key development during the early Industrial Revolution in the 18th century. The earliest programmable machines were developed in the Muslim world. A music sequencer , a programmable musical instrument , was the earliest type of programmable machine. The first music sequencer was an automated flute player invented by the Banu Musa brothers, described in their Book of Ingenious Devices , in
17955-402: Was created by engineers that have graduated from École Centrale Paris , École des Mines de Paris , École polytechnique or Télécom Paris . This was also the case after WWII when France had to be rebuilt. Before the "réforme René Haby " in the 1970s, it was very difficult to be admitted to such schools, and the French ingénieurs were commonly perceived as the nation's élite. However, after
18090-642: Was developed by the Greeks around the 4th century BC, the trireme , the ballista and the catapult . In the Middle Ages, the trebuchet was developed. The earliest practical wind-powered machines, the windmill and wind pump , first appeared in the Muslim world during the Islamic Golden Age , in what are now Iran, Afghanistan, and Pakistan, by the 9th century AD. The earliest practical steam-powered machine
18225-505: Was the first self-proclaimed civil engineer and is often regarded as the "father" of civil engineering. He was an English civil engineer responsible for the design of bridges, canals, harbors, and lighthouses. He was also a capable mechanical engineer and an eminent physicist . Using a model water wheel, Smeaton conducted experiments for seven years, determining ways to increase efficiency. Smeaton introduced iron axles and gears to water wheels. Smeaton also made mechanical improvements to
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