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)
Explains resource requirements for project and cost estimation activities.
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Level 2 Behaviors
(Light Experience)
Collects inputs for cost estimation from staff for process improvement.
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Level 3 Behaviors
(Moderate Experience)
Provides insights on the pros and cons of various cost estimation approaches.
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Level 4 Behaviors
(Extensive Experience)
Provides accurate estimations of benefit savings, project costs, and technical feasibility.
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Level 5 Behaviors
(Mastery)
Develops advanced estimation models to improve the effectiveness of cost estimation.
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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)
Describes the application of change control software and databases to production.
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Level 2 Behaviors
(Light Experience)
Gathers information about change management plans and roadmaps for the execution of new control methods.
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Level 3 Behaviors
(Moderate Experience)
Partners with teams across departments to ensure active engagement in change control.
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Level 4 Behaviors
(Extensive Experience)
Implements improvements to the overall document control and change management process.
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Level 5 Behaviors
(Mastery)
Develops procedural implementation and change management processes with executives to ensure proper control governance.
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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)
Explains how to apply data analytics to successful strategies.
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Level 2 Behaviors
(Light Experience)
Documents data requirements for projects by working with business users.
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Level 3 Behaviors
(Moderate Experience)
Prepares data analytics tool to create visualizations.
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Level 4 Behaviors
(Extensive Experience)
Monitors data sources used for analytics to update data and meet quality standards.
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Level 5 Behaviors
(Mastery)
Establishes best-in-class analytic data to improve performance by discovering patterns in data.
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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)
Documents all the advantages and disadvantages of gap analysis.
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Level 2 Behaviors
(Light Experience)
Documents gap analysis to identify the differences in the state of our organization.
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Level 3 Behaviors
(Moderate Experience)
Executes gap analysis to improve business performance with established standards.
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Level 4 Behaviors
(Extensive Experience)
Monitors and analyzes data to identify gaps or trends and drive strategic decision-making.
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Level 5 Behaviors
(Mastery)
Elaborates processes and procedures to identify gaps and improve business operational efficiency.
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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)
Explains the use of surveys and interviews in gathering the necessary information.
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Level 2 Behaviors
(Light Experience)
Conducts basic research to identify current industry trends and best practices.
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Level 3 Behaviors
(Moderate Experience)
Participates in various company events to gain information about current business operations.
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Level 4 Behaviors
(Extensive Experience)
Provides training to others about new techniques and strategies for effective data collection.
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Level 5 Behaviors
(Mastery)
Develops best practices and programs to improve data collection across our business.
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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)
Explains the integral role data collection plays when conducting analytical thinking.
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Level 2 Behaviors
(Light Experience)
Breaks down a specific project into lists of tasks.
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Level 3 Behaviors
(Moderate Experience)
Examines information or a situation thoroughly and in detail.
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Level 4 Behaviors
(Extensive Experience)
Draws conclusions based upon logic and intuitive judgment.
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Level 5 Behaviors
(Mastery)
Forecasts customers' expectations and formulates strategies to ensure customer satisfaction.
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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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