Jasper begins by explaining what is a flowsheet and especially what are its elements from a conceptual point of view. What is of interest here are streams, whatever their nature (material, energy, information) and unit operations. It is worth noting that a given unit operation knows only about the streams that are connected to it while the thermodynamic sub-system of any Process Modelling Environment (PME) does not know about streams and unit operations. The PME is knowing about all streams and all unit operations.
Jasper then points to a number of applications where flowsheet monitoring may be used. Making an overall balance is an application, determining phase envelopes on given streams is another one, or predicting wax formation in any pipe, that is in any stream connecting two unit operations.
The analysis of flowsheet monitoring in terms of CAPE-OPEN comes next. It is there that Jasper proposes the new CAPE-OPEN interfaces that will be needed to cover the added functionality. He then assesses what will be the various impacts on PMEs to adopt the new interfaces before summarizing what is the status: mostly an interface specification proposal has been made with prototyping made through implementions in COFE and in two components, one from AmsterCHEM, one from US EPA.