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 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)
Oversees all changes to the manufacturing process in accordance with change management standards and procedures.
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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)
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)
Performs data quality audits to ensure compliance with custom analytic deliverables.
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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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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)
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)
Provides gap analysis and proposes value-added process improvements based on best practices.
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Level 5 Behaviors
(Mastery)
Mentors cross-functional team in conducting a gap analysis to drive business functionality.
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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)
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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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)
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)
Investigates analytical thinking tools and incorporates them accordingly.
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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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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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