Jobs and Responsibilities

• Analyzes blueprints, specifications, proposals, and other documentation to prepare time, cost, and labor estimates for products, projects, or services.
• Reviews data to determine material and labor requirements and prepares itemized lists.
• Computes cost factors and prepares estimates used for management purposes such as planning, organizing, and scheduling work; preparing bids; selecting vendors or subcontractors; and determining cost effectiveness.
• Conducts special studies to develop and establish standard hour and related cost data or effect cost reductions.
• Consults with clients, vendors, or other individuals to discuss and formulate estimates and resolve issues.
• Interfaces with other individuals in the organization to obtain support and commitment to the cost estimates.
• Organizes and manages a centralized cost estimating database and a formal process to support cost estimating to ensure historical data is utilized.
• Analyzes completed projects to compare estimated costs to actual costs and determine the reason for any discrepancies.
• Provides improvement recommendations to cost estimating procedures to reduce future discrepancies between estimated and actual costs.
• Identifies cost trends to assist management in cost reduction and process improvement efforts.