Skills & Competencies for Cost Estimation Engineer II

Cost Estimation Engineer II job profile

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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%
$83,298
TOTAL 50%
$85,500
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
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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)
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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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)
Identifies needs for planning, execution, and control of organizational change projects.
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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)
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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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)
Explains how to interpret data analytics and metrics to drive better business decision-making.
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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)
Provides and leverages data analytics solutions to mitigate business risk and handle setbacks.
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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)
Establishes performance metrics focused on Data Analytics to track optimization opportunities.
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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)
Lists the basic functions and features of tools used for gap analysis.
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Level 2 Behaviors
(Light Experience)
Tracks the current state gaps to support the development of process improvement solutions.
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Level 3 Behaviors
(Moderate Experience)
Uses analysis techniques in identifying process gaps and tactics to improve the business processes.
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Level 4 Behaviors
(Extensive Experience)
Reviews client documentation and drives improvement opportunities through gap analysis.
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Level 5 Behaviors
(Mastery)
Promotes best practices through gap analysis to increase the effectiveness of our organization.
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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)
Names commonly used tools and techniques for data collection.
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Level 2 Behaviors
(Light Experience)
Obtains needed information by asking skillful and persistent questions.
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Level 3 Behaviors
(Moderate Experience)
Utilizes various tools and technologies to validate information acquired from different sources.
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Level 4 Behaviors
(Extensive Experience)
Synthesizes information from various sources to enable strategic decision-making by our leadership.
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Level 5 Behaviors
(Mastery)
Takes steps to ensure that the intellectual property rights of others are not violated.
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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)
Lists skills, traits, and characteristics of analytical thinkers.
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Level 2 Behaviors
(Light Experience)
Makes a list of items without order or set of priorities.
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Level 3 Behaviors
(Moderate Experience)
Summarizes historical experience to find probable causes of the problem.
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Level 4 Behaviors
(Extensive Experience)
Leads brainstorming to encourage teammates to create new perspectives.
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Level 5 Behaviors
(Mastery)
Promotes the adoption of business intelligence analysis technology to drive strategic decisions.
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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.

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