ISCO Specialization 2421.1.1 Manufacturing Cost Estimator
From Open Risk Manual
Definition
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.
Essential Skills
- Manufacturing Processes
- Assess Financial Viability
- Mathematics
- Provide Cost Benefit Analysis Reports
- Execute Analytical Mathematical Calculations
- Cost Management
Optional Skills
- Liaise With Engineers
- Project Management
- Read Standard Blueprints
- Analyse Production Processes For Improvement
- Perform Cost Accounting Activities
- Prepare Cost-Plus Pricing Models
- Read Assembly Drawings
- Calculate Materials
- Synthesise Financial Information
- Estimate Duration Of Work
- Control Of Expenses
- Accurately Estimate Work Hours
- Manage Budgets
- Advise On Risk Management
- Perform Project Management
Alternative Names
- Manufacturing Estimate Clerk
- Estimator
- Production Cost Estimator
- Manufacturing Cost Analyst
- Manufacturing Cost Recovery Technician
