Protein engineering involves modifying protein structure using recombinant DNA technology or chemical treatment to produce desirable functions. The objectives of protein engineering are to create superior enzymes for specific applications, produce enzymes and biological compounds in large quantities, and create compounds superior to natural ones. Protein engineering aims to alter properties like kinetic properties, thermostability, pH and temperature tolerance, substrate specificity, and molecular weight to optimize enzymes for industrial uses. Key methods for protein engineering include mutagenesis, gene modification using oligonucleotides or de novo gene synthesis, and chemical modification like PEG conjugation. Several proteins have been successfully engineered including insulin and cytochrome c.