This term, translated from English, literally means design, construction, arrangement of something, inventing, etc. If it is used in the field of economics, it implies a combination of various types of intellectual costs, designed to ultimately obtain the optimal, most beneficial result. Usually this term is used to denote such characteristics in connection with new projects, plans of different directions.
General actions of the tasks stipulated by the concept include:
Use with the greatest efficiency of labor, material, financial, technological and other resources.
Selection of the best methods of project organization and management.
Using in this regard all the latest scientific and technical developments, innovative systems and technologies.
It is clear that engineering, to some extent, is itself a high-tech technique of the modern economy and can be used both in its commercial sphere, and in production, and scientific and technical. It is possible to single out separately such a concept as "consulting engineering", when not direct participation in the economic activities of the customer is provided, but only the development of methodological techniques and manuals for him on a commercial basis for each individual company or each individual project. Engineering of any kind provides for the involvement of specialists of various profiles in the project: scientists, builders, economists, consultants, engineers, technicians, lawyers, etc., each of whom, in his own figurative area of work, performs his tasks in accordance with common goals. Ideally, this is exactly the potential that can really be effectively used in business structures and significantly affect the economy as a whole.
More here - https://en.wikipedia.org/wiki/Engineering
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