Cost engineeringCost 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". "Cost Engineers budget, plan and monitor investment projects. They seek the optimum balance between cost, quality and time requirements." Skills and knowledge of cost engineers are similar to those of quantity surveyors. In many industries, cost engineering is synonymous with project controls.
Combinatorial optimizationCombinatorial optimization is a subfield of mathematical optimization that consists of finding an optimal object from a finite set of objects, where the set of feasible solutions is discrete or can be reduced to a discrete set. Typical combinatorial optimization problems are the travelling salesman problem ("TSP"), the minimum spanning tree problem ("MST"), and the knapsack problem. In many such problems, such as the ones previously mentioned, exhaustive search is not tractable, and so specialized algorithms that quickly rule out large parts of the search space or approximation algorithms must be resorted to instead.
Space Launch SystemThe Space Launch System (SLS) is an American super heavy-lift expendable launch vehicle used by NASA. As the primary launch vehicle of the Artemis Moon landing program, SLS is designed to launch the crewed Orion spacecraft on a trans-lunar trajectory. The first SLS launch was the uncrewed Artemis 1, which took place on 16 November 2022. Development of SLS began in 2011, as a replacement for the retired Space Shuttle as well as the cancelled Ares I and Ares V launch vehicles.
