Skills & Competencies for Cost Estimation Engineer I

Cost Estimation Engineer I job profile

Book a Demo and Receive a Sample Job Profile

JOB SUMMARY for Cost Estimation Engineer I

Estimates costs for construction, engineering, manufacturing, or other implementation projects based on an analysis of project technical requirements.

JOB RESPONSIBILITIES for Cost Estimation Engineer I

Collects data and analyzes all project costs, including raw materials, labor, equipment and tooling to ensure estimates are accurate. Identifies and quantifies potential cost uncertainties to ensure costing models capture the full range of potential costs. Updates costs as necessary based on new information and project scope changes. Coordinates with project management, engineering, procurement and other project stakeholders.

Cost Estimation Engineer I SALARY RANGE

BASE 50%
$70,720
TOTAL 50%
$72,492
Job Level
P01
Job Code
EN04100276
Education/Degree
Bachelor's Degree
Reports To
Manager

Cost Estimation Engineer I 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 Estimation Engineer I skill and competencie below to view definitions.
INDUSTRY COMPETENCIES JOB FAMILY COMPETENCIES CORE COMPETENCIES
BOOK A DEMO

3 hard skills or competencies (industry competencies) for Cost Estimation Engineer I

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.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Applies project cost estimation techniques to calculate expected costs.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Analyzes completed projects to compare estimated costs to determine any discrepancies.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Manages the process of resource planning and cost estimation.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Builds modern cost estimation tools and technologies based on performance attributes.
See 4 More Skill Behaviors
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.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Gathers information about change management plans and roadmaps for the execution of new control methods.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Partners with teams across departments to ensure active engagement in change control.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Implements improvements to the overall document control and change management process.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Develops procedural implementation and change management processes with executives to ensure proper control governance.
See 4 More Skill Behaviors
3 Cost Estimation Engineer I - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Cost Estimation Engineer I
Proficiency Level - 4
5 Competency for - Cost Estimation Engineer I
Proficiency Level - 5

4 general skills or competencies (Job family competencies) for Cost Estimation Engineer I

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.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Documents data requirements for projects by working with business users.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Prepares data analytics tool to create visualizations.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Monitors data sources used for analytics to update data and meet quality standards.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Establishes best-in-class analytic data to improve performance by discovering patterns in data.
See 4 More Skill Behaviors
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.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Documents gap analysis to identify the differences in the state of our organization.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Executes gap analysis to improve business performance with established standards.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Monitors and analyzes data to identify gaps or trends and drive strategic decision-making.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Elaborates processes and procedures to identify gaps and improve business operational efficiency.
See 4 More Skill Behaviors
3 Cost Estimation Engineer I - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Cost Estimation Engineer I
Proficiency Level - 4
5 Competency for - Cost Estimation Engineer I
Proficiency Level - 5

5 soft skills or competencies (core competencies) for Cost Estimation Engineer I

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.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Conducts basic research to identify current industry trends and best practices.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Participates in various company events to gain information about current business operations.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Provides training to others about new techniques and strategies for effective data collection.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Develops best practices and programs to improve data collection across our business.
See 4 More Skill Behaviors
2 Core Competencies – Analytical Thinking
Proficiency Level -2
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.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Breaks down a specific project into lists of tasks.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Examines information or a situation thoroughly and in detail.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Draws conclusions based upon logic and intuitive judgment.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Forecasts customers' expectations and formulates strategies to ensure customer satisfaction.
See 4 More Skill Behaviors
3 Cost Estimation Engineer I - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Cost Estimation Engineer I
Proficiency Level - 4
5 Competency for - Cost Estimation Engineer I
Proficiency Level - 5

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.

It's Easy to Get Started

Get the precision you need to assess, hire, and develop top talent with skills and competencies – see how with a personalized demo.