Description
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.
EssentialOptional
Theoretical Knowledge
Practical Skills
monitor production costsassess operating costcalculate design costsprovide cost benefit analysis reportscalculate production costsassess financial viabilityexecute analytical mathematical calculationsliaise with engineersprepare cost-plus pricing modelsforecast production quantitiesestimate costs of required suppliesensure cost efficiency in food manufacturingestimate restoration costsevaluate cost of software productsestimate duration of workaccurately estimate work hourscalculate materials to build equipmentread standard blueprintscontrol of expensesanalyse production processes for improvementperform project managementperform cost accounting activitiesanalyse business plansmanage budgetsmonitor production developmentsadvise on risk managementread assembly drawingssynthesise financial informationidentify process improvements