Contains added chapters emphasizing the importance of choosing the correct project and defining project goals. Stresses the need for adequate front end loading (FEL) and outlines the responsibility of the venture manager in project selection. Provides updated case studies and examples on technical evaluation criteria construction progress monitoring offshore estimating and more. The authors discuss such topics as initial involvement and plan of action process design regulatory compliance risk analysis project execution plan/master project schedule estimating contracting detailed engineering procurement construction management project control contracts administration communications and plant start-up.