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.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Uses project cost estimating tools to track budgets in real time.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Works with the team in the development of a cost estimation model.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Reviews cost estimation at different levels of design stages.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Leads the implementation of new strategies to optimize the cost estimation process.
See 4 More Skill Behaviors
Skill definition-Managing and implementing requests to change an existing function, process, system, or product.
Level 1 Behaviors
(General Familiarity)
Explains how to conduct proper reasoning for the justification of changes.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Prepares documentation of change management risks, controls, and readiness for change initiatives.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Utilizes manufacturing process and workflow knowledge to guide the team through changes.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Reviews change controls conducted by the team to determine opportunities for control improvement.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Monitors trends on change control to ensure compliance of organizational processes with GMP regulations.
See 4 More Skill Behaviors
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 tools and techniques in business data analytics.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Supports the existing business technology systems to develop a mature data analytics capability.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Works with data analytics team to ensure data integrity and accuracy on the service.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Shares to the team the latest technological advances to accelerate data analytics.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Shares emerging advancements and technologies in data analytics to our organization.
See 4 More Skill Behaviors
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.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Tracks the current state gaps to support the development of process improvement solutions.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Uses analysis techniques in identifying process gaps and tactics to improve the business processes.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Reviews client documentation and drives improvement opportunities through gap analysis.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Promotes best practices through gap analysis to increase the effectiveness of our organization.
See 4 More Skill Behaviors
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)
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
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)
Describes the importance of analytical thinking in the workplace.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Asks the right questions to ensure clarity on business goals and requirements.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Decomposes complex issues into several parts and solves them individually.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Determines and prioritizes the sequence of steps for a specific situation.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Establishes critical training and initiatives to foster analytical thinking across our business.
See 4 More Skill Behaviors
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.