Skills & Competencies for Cost Estimating Team Leader

Cost Estimating Team Leader job profile

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JOB SUMMARY for Cost Estimating Team Leader

Develops cost estimates for projects based on work scope, specifications, and contract proposals using applicable estimating methodologies and tools.

JOB RESPONSIBILITIES for Cost Estimating Team Leader

Analyzes project requirements, plans, and specifications to identify labor, material, equipment, and service requirements. Uses benchmark data, trends, prior estimates, and historical pricing schedules to generate detailed cost estimates that consist of itemized lists of expenses, labor hours, material quantities, and potential cost variations. Depending on the complexity and type of project, may use different estimating methods, mathematical models, or specialized estimating software tools to generate estimates. Provides guidance and training on estimating best practices.

Cost Estimating Team Leader SALARY RANGE

BASE 50%
$89,110
TOTAL 50%
$90,924
Job Level
S01
Job Code
SC16000618
Education/Degree
Bachelor's Degree
Reports To
Manager

Cost Estimating Team Leader Skills and Competencies List

Proficiency Levels and Behavioural Indicators
Salary.com identifies five increasing levels of proficiency for each skill/competency. Some jobs require only a relatively low level of proficiency in each skill/competency, while other jobs will require a more advanced level of proficiency in the same skill/competency. These levels rate the degree of proficiency (skill level, expertise) we expect the incumbent to perform in the given skill/competency for the given job. Note that we intentionally do not associate timeframes or years of experience in performing the skill/competency because that can be misleading. Proficiency levels identify what the incumbent knows and can do rather than how long they have been doing it. Also, note that the proficiency levels are cumulative, e.g., a level 4 proficiency implies the ability to perform all the behaviors at the lower levels.
Check each Cost Estimating Team Leader skill and competencie below to view definitions.
INDUSTRY COMPETENCIES JOB FAMILY COMPETENCIES CORE COMPETENCIES
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4 hard skills or competencies (industry competencies) for Cost Estimating Team Leader

1 Industry Competency – Cost Estimation
Proficiency Level -2
Skill definition-Forecasting costs and resources to complete a project within a defined scope.
Level 1 Behaviors
(General Familiarity)
Cites the characteristics and types of cost estimates in engineering projects.
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Level 2 Behaviors
(Light Experience)
Applies project cost estimation techniques to calculate expected costs.
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Level 3 Behaviors
(Moderate Experience)
Analyzes completed projects to compare estimated costs to determine any discrepancies.
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Level 4 Behaviors
(Extensive Experience)
Manages the process of resource planning and cost estimation.
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Level 5 Behaviors
(Mastery)
Builds modern cost estimation tools and technologies based on performance attributes.
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2 Industry Competency – Change Control
Proficiency Level -2
Skill definition-Managing and implementing requests to change an existing function, process, system, or product.
Level 1 Behaviors
(General Familiarity)
Cites the classification categories of change, including minor, major, and critical.
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Level 2 Behaviors
(Light Experience)
Conducts documentation of control management including annual reviews and change requests.
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Level 3 Behaviors
(Moderate Experience)
Administers approved changes to product specifications and implements change controls.
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Level 4 Behaviors
(Extensive Experience)
Analyzes trends and statistics to identify problems and recommend changes to production processes for resolution.
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Level 5 Behaviors
(Mastery)
Conceptualizes strategic methods for process improvements to understand the impacts of change on production.
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3 Cost Estimating Team Leader - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Cost Estimating Team Leader
Proficiency Level - 4
5 Competency for - Cost Estimating Team Leader
Proficiency Level - 5

3 general skills or competencies (Job family competencies) for Cost Estimating Team Leader

1 Job Family Competencies – Data Analytics
Proficiency Level -2
Skill definition-Applying techniques and processes in examining and evaluating raw data to derive conclusions to support business decision-making.
Level 1 Behaviors
(General Familiarity)
Discusses the models and roles of business data analytics.
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Level 2 Behaviors
(Light Experience)
Conducts data cleaning process by removing duplicate records to ensure effective data analytics.
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Level 3 Behaviors
(Moderate Experience)
Partners with internal and data engineering teams to fully optimize acquisition data sources.
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Level 4 Behaviors
(Extensive Experience)
Leads overall data analytics activities of our organization to apply decision-making techniques.
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Level 5 Behaviors
(Mastery)
Develops robust analytics requirements to define algorithms and data sources for stakeholders.
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2 Job Family Competencies – Gap Analysis
Proficiency Level -2
Skill definition-Assessing the differences between the current and target state of an organization to determine how to achieve desired business goals.
Level 1 Behaviors
(General Familiarity)
Describes the process of assessing the current and target state of business through gap analysis.
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Level 2 Behaviors
(Light Experience)
Conducts gap analysis to support the development of business process improvement plans.
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Level 3 Behaviors
(Moderate Experience)
Defines as-is and to-be processes for facilitation of gap analysis on business programs.
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Level 4 Behaviors
(Extensive Experience)
Facilitates gap analysis for each product and strategies to drive improvement of the management.
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Level 5 Behaviors
(Mastery)
Develops standard operating procedures to facilitate gap analysis across our organization.
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3 Cost Estimating Team Leader - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Cost Estimating Team Leader
Proficiency Level - 4
5 Competency for - Cost Estimating Team Leader
Proficiency Level - 5

6 soft skills or competencies (core competencies) for Cost Estimating Team Leader

1 Core Competencies – Gathering Information
Proficiency Level -2
Skill definition-Accumulating necessary information from various resources to clarify the situation or make an informed business decision.
Level 1 Behaviors
(General Familiarity)
Describes the importance of gathering relevant information in making informed business decisions.
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Level 2 Behaviors
(Light Experience)
Checks multiple sources to get complete and accurate information.
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Level 3 Behaviors
(Moderate Experience)
Asks questions and gathers the necessary information to make informed business decisions.
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Level 4 Behaviors
(Extensive Experience)
Monitors the overall process of records retention programs.
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Level 5 Behaviors
(Mastery)
Designs a system for monitoring the effectiveness of data-gathering channels.
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2 Core Competencies – Analytical Thinking
Proficiency Level -3
Skill definition-Gathering, organizing, and analyzing information to identify the root cause of organizational problems and develop alternative solutions accordingly.
Level 1 Behaviors
(General Familiarity)
Describes the importance of analytical thinking in the workplace.
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Level 2 Behaviors
(Light Experience)
Asks the right questions to ensure clarity on business goals and requirements.
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Level 3 Behaviors
(Moderate Experience)
Develops alternative solutions and compares the pros and cons.
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Level 4 Behaviors
(Extensive Experience)
Determines and prioritizes the sequence of steps for a specific situation.
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Level 5 Behaviors
(Mastery)
Evaluates potential risks using extensive industry knowledge when considering new opportunities.
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3 Cost Estimating Team Leader - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Cost Estimating Team Leader
Proficiency Level - 4
5 Competency for - Cost Estimating Team Leader
Proficiency Level - 5

Summary of Cost Estimating Team Leader skills and competencies

There are 4 hard skills for Cost Estimating Team Leader, Cost Estimation, Change Control, Materials Requirement Planning (MRP), etc.
3 general skills for Cost Estimating Team Leader, Data Analytics, Gap Analysis, Enterprise Resource Planning (ERP).
6 soft skills for Cost Estimating Team Leader, Gathering Information, Analytical Thinking, Attention to Detail, etc.
While the list totals 13 distinct skills, it's important to note that not all are required to be mastered to the same degree. Some skills may only need a basic understanding, whereas others demand a higher level of expertise.
For instance, as a Cost Estimating Team Leader, he or she needs to be proficient in Gathering Information, be skilled in Analytical Thinking, and be proficient in Attention to Detail.

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