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)
Explains how to conduct proper reasoning for the justification of changes.
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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)
Utilizes manufacturing process and workflow knowledge to guide the team through changes.
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Level 4 Behaviors
(Extensive Experience)
Reviews change controls conducted by the team to determine opportunities for control improvement.
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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 tools and techniques in business data analytics.
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Level 2 Behaviors
(Light Experience)
Supports the existing business technology systems to develop a mature data analytics capability.
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Level 3 Behaviors
(Moderate Experience)
Works with data analytics team to ensure data integrity and accuracy on the service.
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Level 4 Behaviors
(Extensive Experience)
Shares to the team the latest technological advances to accelerate data analytics.
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Level 5 Behaviors
(Mastery)
Shares emerging advancements and technologies in data analytics to 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)
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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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)
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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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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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.