3 hard skills or competencies (industry competencies) for Cost Estimation Engineer I
Skill definition-Forecasting costs and resources to complete a project within a defined scope.
Level 1 Behaviors
(General Familiarity)
Explains the basic processes and methods of project cost estimation.
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Level 2 Behaviors
(Light Experience)
Supports all the efforts and cost estimation work for projects.
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Level 3 Behaviors
(Moderate Experience)
Utilizes various computer-based software systems to perform cost estimation.
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Level 4 Behaviors
(Extensive Experience)
Recommends overall improvements to cost estimating procedures to reduce future discrepancies.
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Level 5 Behaviors
(Mastery)
Establishes overall impact cost models to provide real-time cost estimations.
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Skill definition-Managing and implementing requests to change an existing function, process, system, or product.
Level 1 Behaviors
(General Familiarity)
Describes the concepts and principles of scope control and change management.
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Level 2 Behaviors
(Light Experience)
Identifies needs for planning, execution, and control of organizational change projects.
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Level 3 Behaviors
(Moderate Experience)
Provides quality support to the site through quality review and approval of change controls.
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Level 4 Behaviors
(Extensive Experience)
Manages the critical control process to minimize risk and disruption when a change is implemented in production.
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Level 5 Behaviors
(Mastery)
Leads cross-functional meetings on change controls to discuss and track open issues and maintain accountability.
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4 general skills or competencies (Job family competencies) for Cost Estimation Engineer I
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)
Lists the steps on how to run and develop data analytic models.
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Level 2 Behaviors
(Light Experience)
Identifies opportunities for data analytics process improvement and automation.
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Level 3 Behaviors
(Moderate Experience)
Uses data analytics for all reporting to meet user requirements.
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Level 4 Behaviors
(Extensive Experience)
Oversees data analytics team members to ensure data collection and management meet requirements.
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Level 5 Behaviors
(Mastery)
Keeps up-to-date on emerging technology trends in data analytics to apply in our organization.
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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)
Explains the importance of gap analysis for the organization.
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Level 2 Behaviors
(Light Experience)
Records the results of gap analysis between the current and future state of our organization.
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Level 3 Behaviors
(Moderate Experience)
Provides a gap analysis of the state to identify our organization's capabilities to close the gaps.
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Level 4 Behaviors
(Extensive Experience)
Oversees the implementation of the fixes related to the gaps found during the analysis.
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Level 5 Behaviors
(Mastery)
Establishes teaming strategies based on gap analysis to drive profitable returns in business.
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5 soft skills or competencies (core competencies) for Cost Estimation Engineer I
Skill definition-Accumulating necessary information from various resources to clarify the situation or make an informed business decision.
Level 1 Behaviors
(General Familiarity)
Lists the principles and procedures of gathering information.
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Level 2 Behaviors
(Light Experience)
Determines the source of information to verify its reliability.
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Level 3 Behaviors
(Moderate Experience)
Uses survey results to identify areas that need improvement within our business.
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Level 4 Behaviors
(Extensive Experience)
Recommends improvement of our business's records retention program.
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Level 5 Behaviors
(Mastery)
Generates innovative plans for curating and managing gathered information from different sources.
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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)
Identifies tools that assist analytical thinking.
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Level 2 Behaviors
(Light Experience)
Illustrates logical relationships among diverse entities.
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Level 3 Behaviors
(Moderate Experience)
Handles complex issues and provides solutions to improve efficiency and scalability.
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Level 4 Behaviors
(Extensive Experience)
Guides others to analyze all factors and parameters that need to be considered.
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Level 5 Behaviors
(Mastery)
Investigates industry trends and adjusts our business's strategy accordingly.
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Summary of Cost Estimation Engineer I skills and competencies
There are 3 hard skills for Cost Estimation Engineer I, Cost Estimation, Change Control, Materials Requirement Planning (MRP).
4 general skills for Cost Estimation Engineer I, Data Analytics, Gap Analysis, Enterprise Resource Planning (ERP), etc.
5 soft skills for Cost Estimation Engineer I, Gathering Information, Analytical Thinking, Attention to Detail, etc.
While the list totals 12 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 Estimation Engineer I, he or she needs to be proficient in Gathering Information, be proficient in Analytical Thinking, and be proficient in Attention to Detail.