Cost Engineer Job Description
Cost Engineer Duties & Responsibilities
To write an effective cost engineer job description, begin by listing detailed duties, responsibilities and expectations. We have included cost engineer job description templates that you can modify and use.
Sample responsibilities for this position include:
Cost Engineer Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Cost Engineer
List any licenses or certifications required by the position: CCP, CEP, ASPE, AACE, CPM, PMP, SAVE, DOD, III, FE
Education for Cost Engineer
Typically a job would require a certain level of education.
Employers hiring for the cost engineer job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Engineering, Construction Management, Business, Finance, Surveying, Construction, Technical, Accounting, Manufacturing, Management
Skills for Cost Engineer
Desired skills for cost engineer include:
Desired experience for cost engineer includes:
Cost Engineer Examples
Cost Engineer Job Description
- Required to frequently visit suppliers and attend technical exhibitions to maintain current knowledge of production methods and materials, future technologies that will be used when our products go into production
- Work in the rapidly growing field of advanced appliances to create and deliver customer focused solutions to the marketplace
- Develop and implement system solutions for next generation appliances
- Drive systems solutions that optimize cost, quality and time to market
- Continuous improvement or development of new or improved test systems and processes
- Work in an environment where diversity of people, thoughts, opinions, and ideas are valued and encouraged
- Develop and write test plans to validate designs coordinating with lab resources to perform tests
- Develop project schedules that align with the project team and communicate progress against the schedule to maintain alignment with all subsystems
- Work with codes and safety as it would pertain to the design of the system within an appliance
- Identify, analyze and solve issues
- Stamping & Welded Assemblies
- Plastic Injection Molding & Plastic Finishing
- Bachelor degree with 3~5 years working experiences
- Technical background or familiar with product cost principles, cost management and cost analysis skills
- PC/server product hardware knowledge / Project Management skills are preferred
- Fluent in both Chinese and English, on site support to plant MFG and shipment
Cost Engineer Job Description
- Provide necessary cost engineering support and expert advice to the Head Project Control and other project senior staff of the project by implementing client system and project specific procedures in order to meet project objectives
- Assists in new product planning by forecasting costs (variable, assembly, indirect, ) and analyzing costs of various options
- Coordinates cost down efforts by establishing targets, analyzing the total cost of current products, and comparing to the estimates or recommended target costs
- Gathers cost data specific to part fabrication and compares with supplier data to ensure data integrity
- Reviews and analyzes specifications, manufacturing processes and quality issues impacting cost
- Enters, updates and maintains databases of cost information
- Contributes to their team or department by applying their knowledge or functional areas
- Assist in managing/performing cost segregation and fixed asset studies from start to finish
- Provide detailed cost analysis of commercial/industrial building projects
- Assist with review process
- Manage global monthly cash flow projections
- Facilitate global Change Management process
- Administer program cost control systems
- Working knowledge of Primavera P6, project controls software tools
- In-depth knowledge of materials such as steel grades, iron, aluminum, alloys
- Professional in-depth knowledge in process and production times, assembly methods for manufacturing of various parts
Cost Engineer Job Description
- Strong mentoring, training and staff development skills
- Promotes teamwork among all project participants
- Receives., logs, issues CE# and tracks all changes
- Works with all PM’s to collect and present all changes to management and/or Owner
- Works with estimating to confirm all pricing received from subcontractors
- Assists in prepartion of the monthly report
- Assists in preparation of the monthly invoice to the Owner
- Review and approve each bid package schedule of values
- Manage the cost management issue log and files
- Review and process all change orders, EWA’s, Back Charges
- Knowledge associated with the calculation of the costs for SGA, OH for raw-material/Purchased parts and services, manufacturing OH and Profit markups
- Knowledge and understanding of change management as it relates to the impact on dies/tools
- Knowledge in tooling and dies manufacturing, such as design, CNC, die spotting, bench work, including spark eroding
- Occasional day trips with possible overnight travel are required, potential international travel
- Team Center proficiency preferred
- Proficient in MS Excel for Data analysis and reporting purposes (Graphs & Data visualization, Pivot tables)
Cost Engineer Job Description
- Use lean, practical, and engineering knowledge in costing
- Assists and/or prepares extra work pricing packages, forwards, receives, analyzes and presents to PM and Senior Project Manager
- Perform tasks required to develop and maintain budgets for a project
- Define the main questions to be answered by the bid technical manager for each sub-system
- Collect and ensure the technical data on the product and on the industrial processes used on various projects
- Based on the understanding of the sub-system, define the main parameters of each sub-system
- Develop a technical sizing tool between function performances and the technical product parameters (performances, weight, volume) based on physics or/and statistics
- Evaluate the value of the different industrial cost drivers (raw material, working time, …) with a statistic approach
- Estimate the variable cost of the sub-system/product
- Explain the behavior of the sub-system thanks to an educational sheet based on abacus
- Minimum of 1+ years’ experience in an engineering field
- Experience with motors, drive systems, and electronic controls
- Familiar with lab test equipment and instruments, and ability to program instruments
- A self-starter with the capability to work across functional boundaries to solve problem
- Outstanding interpersonal skills with the ability to provide leadership
- Training in 6-Sigma techniques
Cost Engineer Job Description
- You are responsible for cost and value engineering projects, trainings and coaching
- You support the engineering and commodity teams to drive forward supplier productivity
- Change Order Requests - review critical change order requests from Construction Managers and trade contractors to confirm if the request is in scope or out of scope
- Estimates – work with the development and construction teams to create and review estimates and budgets across multiple disciplines and types of work
- Train the users of the different models
- Update the models by integration of the return of experience on new projects
- Monitor, control and analyse the project cost information, identify variances and bring these to the attention of the Project Manager with possible alternatives
- Project Documents (PDD, IRM papers ) – Contribute to the drafting and updating of these documents to ensure that they contains the project Scope of Work, KPI’s, payment milestones and the methodology for controlling the project schedule, costs and variances
- Identify cost out potentials in connection with standardization and modularization (pareto analyses )
- Provide support / input to the development of the Project Control Planning
- Basic understanding of CAD principals, experience working in Pro-Eng
- Experience with system simulation tools
- 5+ Years of relevant experience related to the functions listed above
- Bachelor’s Degree in Engineering, Finance or related discipline preferred
- Proficient in MS Office Suite, familiar with special estimating software or programming skills would be a plus
- Breadth of experience across whole project and programme lifecycle