This document provides an overview of valve sizing and selection. It defines key terms like CV, FL, rangeability, cavitation, flashing, and compressible flow. It describes the sizing process which involves determining the required CV based on operating conditions and fluid properties, then selecting a valve with a rated CV that meets or exceeds the required CV. It also discusses how to address issues like cavitation, flashing, high velocities, and noise that may impact valve selection. Formulas are provided for calculating CV for liquid, gas, vapor and two-phase flow. Guidelines are given for selecting valves for applications involving cavitation, flashing, compressible flow or high velocities.