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European Skills, Competences, Qualifications and Occupations (ESCO)

Skills & competences

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Hierarchy view

K - knowledge
L - language skills and knowledge
S - skills
S1 - communication, collaboration and creativity
S2 - information skills
S2.0 - information skills
S2.1 - conducting studies, investigations and examinations
S2.2 - documenting and recording information
S2.3 - managing information
S2.4 - processing information
S2.5 - measuring physical properties
S2.6 - calculating and estimating
S2.6.0 - calculating and estimating
S2.6.1 - performing calculations
S2.6.2 - determining values of goods or services
S2.6.3 - estimating resource needs
- accurately estimate work hours
- analyse the need for technical resources
- assess operating cost
- assess project resource needs
- calculate costs for animal embryo transfer
- calculate costs of repair operations
- calculate design costs
- calculate needs for construction supplies
- calculate quotations for security devices services
- decide quantity of explosives required
- develop artistic project budgets
- employ assessment techniques to anticipate translation efforts
- estimate amount of paint
- estimate budget for interior design plans
- estimate cost of building materials
- estimate cost of jewellery and watches' maintenance
- estimate costs in farm
- estimate costs of installing telecommunication devices
- estimate costs of required supplies
- estimate damage
- estimate duration of work
- estimate harvest costs
- estimate needs of artistic production
- estimate repair priority
- estimate restoration costs
- estimate restoration costs of antique items
- forecast production quantities
- identify energy needs
- perform resource planning
- prepare cost-plus pricing models
- select restoration activities
- tally lumber
S2.7 - analysing and evaluating information and data
S2.8 - monitoring, inspecting and testing
S2.9 - monitoring developments in area of expertise
S3 - assisting and caring
S4 - management skills
S5 - working with computers
S6 - handling and moving
S7 - constructing
S8 - working with machinery and specialised equipment
T - transversal skills and competences

This concept is obsolete

estimate profitability

skills

information skills

calculating and estimating

estimating resource needs

estimate profitability

transversal skills and competences

core skills and competences

working with numbers and measures

carry out calculations

estimate profitability

Concept overview

Description

Take various factors into account to calculate the cost and potential revenues or savings gained from a product in order to evaluate the profit that could be generated by the new acquisition or by a new project.

Alternative Labels

estimate profit

estimating profit

estimating profitability

estimation of profit

estimation of profitability

evaluate profit

evaluate profitability

evaluating profit

evaluating profitability

evaluation of profit

evaluation of profitability

profitability estimating

profit estimating

Skill type

skill

Skill reusability level

cross-sector skills and competences

Relationships

Broader concepts

Narrower skills

Essential for

Optional for

Concept status

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DG Employment, Social Affairs and Inclusion of the European Commission developed ESCO in collaboration with stakeholders and with the European Centre for the Development of Vocational Training (Cedefop).

CONTACT ESCO
Current version: ESCO v1.2 (Last update 15/05/2024)