manufacturing cost estimator

Manufacturing cost estimators collect and analyse data to evaluate the money, materials, labour and time required for manufacturing processes. They conduct analyses to identify (alternative) cost effective technical designs and production processes. They develop and use methods and tools for cost planning, controlling and analysis. They also perform quantitative and qualitative risk analyses and report on the development of costs.

Alternative Labels

estimator

manufacturing cost analyst

manufacturing cost recovery technician

manufacturing estimate clerk

production cost estimator

Regulatory Aspect

To see if and how this occupation is regulated in EU Member States, EEA countries or Switzerland please consult the Regulated Professions Database of the Commission. Regulated Professions Database:

http://ec.europa.eu/growth/single-market/services/free-movement-professionals/qualifications-recognition_en

Skills & Competences

Essential Skills and Competences

assess financial viability assess operating cost calculate design costs calculate production costs execute analytical mathematical calculations liaise with engineers monitor production costs provide cost benefit analysis reports

Essential Knowledge

cost management manufacturing processes mathematics

Optional Skills and Competences

accurately estimate work hours advise on risk management analyse business plans analyse production processes for improvement calculate materials to build equipment control of expenses ensure cost efficiency in food manufacturing estimate costs of required supplies estimate duration of work estimate restoration costs evaluate cost of software products forecast production quantities identify process improvements manage budgets monitor production developments perform cost accounting activities perform project management prepare cost-plus pricing models read assembly drawings read standard blueprints synthesise financial information

Optional Knowledge

international business project management

Skills & Competences

Concept status

Concept Uri

http://data.europa.eu/esco/occupation/219d1c30-3849-4de3-b0d6-07da187b6521

Status

released

Occupations