Estimation Engineer
3 weeks ago
Overall Purpose of the Role:
To collect and analyse data and information in order to estimate costs
associated with manufacturing a product. Works proactively towards cost
target objectives in collaboration with others.
Job holders in this role may take responsibility for a limited amount of
components within the design and manufacturing process. More senior roles
hold more responsibility and accountability and have a larger remit in terms of
components and financial accountability.
Key Responsibilities:
General and Task Management
Determine cost estimate targets during the design and development
process, recommending cost effective solutions
Gather proposals, specifications and related documents and liaise with
stakeholders in order to convert specifications to cost estimates for new
and current products
Utilise cost methodologies and tools and appropriate software models and
packages to prepare and maintain reliable and accurate data
Establish cost estimates of production processes and tooling costs and
review alternatives or put forward recommendations for improvement
Assess cost effectiveness of products and track actual costs relative to
budget and report status on a regular basis to ensure costs are in line with
forecasts
Monitor and review data and information to detect or assess problems
Investigate and identify cost reduction opportunities through cost analysis
review
Contribute to cost monitoring and reporting systems and procedures and
monitor trends
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