Skills & Competencies for Cost Estimation Engineer II

Cost Estimation Engineer II job profile

Book a Demo and Receive a Sample Job Profile

JOB SUMMARY for Cost Estimation Engineer II

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

JOB RESPONSIBILITIES for Cost Estimation Engineer II

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 II SALARY RANGE

BASE 50%
$83,081
TOTAL 50%
$85,276
Job Level
P02
Job Code
EN04100277
Education/Degree
Bachelor's Degree
Reports To
Manager

Cost Estimation Engineer II 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 II 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 II

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)
Describes the importance of cost estimation to complete a project.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Assists in performing cost estimations to optimize efficiencies for contracting.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Determines cost trends to drive cost reduction and process improvement efforts.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Oversees the overall cost estimation for the development and execution of engineering projects.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Designs modern and advanced process operational models for end-to-end cost estimation and reduction.
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)
Collects change request forms and related documents for formal assessment.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Documents control changes in manufacturing projects for formal assessment.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Executes requests for change based on quality management system (QMS) requirements.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Controls the enforcement of standards and GMP practices to optimize the workflow for change control.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Creates and implements innovative strategies for organizational change controls in accordance with quality standards.
See 4 More Skill Behaviors
3 Cost Estimation Engineer II - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Cost Estimation Engineer II
Proficiency Level - 4
5 Competency for - Cost Estimation Engineer II
Proficiency Level - 5

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

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.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Collects data from sources to provide data analysis and insights.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Partners with internal and data engineering teams to fully optimize acquisition data sources.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Enhances data collection procedures to build analytic systems.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Develops robust analytics requirements to define algorithms and data sources for stakeholders.
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)
Describes the process of assessing the current and target state of business through gap analysis.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Compiles the unprofitable processes through gap analysis and implements corrective action plans.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Defines as-is and to-be processes for facilitation of gap analysis on business programs.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Directs the facilitation of gap analysis to improve existing business control methods.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Creates gap analysis to achieve the functional competitive advantage of the business.
See 4 More Skill Behaviors
3 Cost Estimation Engineer II - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Cost Estimation Engineer II
Proficiency Level - 4
5 Competency for - Cost Estimation Engineer II
Proficiency Level - 5

6 soft skills or competencies (core competencies) for Cost Estimation Engineer II

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.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Checks multiple sources to get complete and accurate information.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Asks questions and gathers the necessary information to make informed business decisions.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Monitors the overall process of records retention programs.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Designs a system for monitoring the effectiveness of data-gathering channels.
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)
Clarifies the differences between analytical thinking and critical thinking.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Applies appropriate methods to organize and disclose meaningful data patterns.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Creates and interprets causal links among various datasets.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Coaches others on using logic and reasoning to process and organize information.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Champions advanced methodologies and approaches, such as design thinking, for creative problem-solving.
See 4 More Skill Behaviors
3 Cost Estimation Engineer II - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Cost Estimation Engineer II
Proficiency Level - 4
5 Competency for - Cost Estimation Engineer II
Proficiency Level - 5

Summary of Cost Estimation Engineer II skills and competencies

There are 3 hard skills for Cost Estimation Engineer II, Cost Estimation, Change Control, Materials Requirement Planning (MRP).
4 general skills for Cost Estimation Engineer II, Data Analytics, Gap Analysis, Enterprise Resource Planning (ERP), etc.
6 soft skills for Cost Estimation Engineer II, 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 Estimation Engineer II, 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.