Management engineering is a professional field that combines engineering knowledge with business knowledge and management experience. Management engineers provide the bridge between the technical world of engineering and the business world by providing good technical knowledge and effective problem solving skills, as well as supervisory management and project management skills. This is invaluable in many companies where project falter due to the inability to manage both technical and business aspects effectively. In the real world, it is often difficult for strictly business oriented people to understand the language, technical aspects, and difficulties of engineering, and vice versa for technically oriented personnel. This can lead to frustration in communication, implementation issues, projects not completed on time and on budget, and a host of other problems. Management engineers are trained in both engineering and Business, so they are able to use a wider variety of tools, solves complex problems, work in a team environment with many different types of people, and manage technical projects that might challenge someone not trained in both areas. Statistics show that Within a few years of graduation, many management engineers are working within the management ranks, rather than just a strictly technical job. Formal education in business – the areas of economics, statistics, budget and project management, and cost analysis, is often essential for bridging the technical versus business world and for success in the management field. Many engineering schools now offer a bachelor's degree in Engineering Management that provides graduates with a good technical engineering foundation, as well as a grasp of business concepts and tools. Many schools also offer graduate business degrees to engineers that want to augment their technical knowledge. With their broad base of knowledge, management engineers are invaluable in the project management field, especially on projects that require engineering supervision and technical expertise. Since failed, late, or over budget projects are quite problematic in corporations, a person trained in both technical and business applications, as management engineers are, can help ensure a much higher rate of success, especially on the more complex engineering projects. Many management engineers are available through consulting firms. These consultants often offer a wide range of expertise and experience that may not be available in a company where those skills are not Developed or available. A consultant's experience and knowledge can often make the difference between project failure and success, and is often well worth the investment. Choose a consulting firm who has a great track record, and make sure to ask how many projects similar to yours have been completed in the past 2 years, on time, and on budget. References are a must. Make sure to research and compare consulting companies, so that you retain the very best for your business.