3 hard skills or competencies (industry competencies) for Cost Estimation Engineer IV
Skill definition-Forecasting costs and resources to complete a project within a defined scope.
Level 1 Behaviors
(General Familiarity)
Explains the differences between cost estimation and project quotation.
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Level 2 Behaviors
(Light Experience)
Uses project cost estimating tools to track budgets in real time.
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Level 3 Behaviors
(Moderate Experience)
Works with the team in the development of a cost estimation model.
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Level 4 Behaviors
(Extensive Experience)
Reviews cost estimation at different levels of design stages.
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Level 5 Behaviors
(Mastery)
Leads the implementation of new strategies to optimize the cost estimation process.
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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)
Prepares documentation of change management risks, controls, and readiness for change initiatives.
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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)
Monitors trends on change control to ensure compliance of organizational processes with GMP regulations.
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4 general skills or competencies (Job family competencies) for Cost Estimation Engineer IV
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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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)
Supports gap analysis activities by comparing proposed business capabilities.
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Level 3 Behaviors
(Moderate Experience)
Researches functional solutions to bridge the gaps identified during the course of analysis.
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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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6 soft skills or competencies (core competencies) for Cost Estimation Engineer IV
Skill definition-Accumulating necessary information from various resources to clarify the situation or make an informed business decision.
Level 1 Behaviors
(General Familiarity)
Cites examples of methods used to collect and compile information.
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Level 2 Behaviors
(Light Experience)
Applies techniques and tools to gather, organize, and archive pertinent information.
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Level 3 Behaviors
(Moderate Experience)
Analyzes employees' feedback to determine necessary changes to be implemented within our business.
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Level 4 Behaviors
(Extensive Experience)
Implements strategies to streamline the data collection process.
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Level 5 Behaviors
(Mastery)
Creates confidentiality agreements to ensure accurate submission of information from employees.
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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)
Clarifies the differences between analytical thinking and critical thinking.
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Level 2 Behaviors
(Light Experience)
Applies appropriate methods to organize and disclose meaningful data patterns.
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Level 3 Behaviors
(Moderate Experience)
Creates and interprets causal links among various datasets.
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Level 4 Behaviors
(Extensive Experience)
Coaches others on using logic and reasoning to process and organize information.
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Level 5 Behaviors
(Mastery)
Champions advanced methodologies and approaches, such as design thinking, for creative problem-solving.
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Summary of Cost Estimation Engineer IV skills and competencies
There are 3 hard skills for Cost Estimation Engineer IV, Cost Estimation, Change Control, Materials Requirement Planning (MRP).
4 general skills for Cost Estimation Engineer IV, Data Analytics, Gap Analysis, Enterprise Resource Planning (ERP), etc.
6 soft skills for Cost Estimation Engineer IV, 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 IV, he or she needs to be skilled in Gathering Information, be skilled in Analytical Thinking, and be skilled in Attention to Detail.