Cite 1 Engineering problem, and explain it by following 1. Identify and understand the problem; identify the objective of the project. 2. Collect relevant, available data and de ne viable solution alternatives. 3. Make realistic cash ow estimates. 4. Identify an economic measure of worth criterion for decision making. 5. Evaluate each alternative; consider noneconomic factors; use sensitivity analysis as needed. 6. Select the best alternative. 7. Implement the solution and monitor the results.