An estimating manager ensures that they understand the many intricacies of this work so that you can come up with the right estimates, helping the management take important decisions. But project costs are not all that estimating managers provide. They also support organizations in determining what costs a specific service or product should be sold at.
Estimating Manager Qualifications
A degree in accounting or finance is the basic requirement for someone aspiring to work as an estimating manager.
To work as an estimating manager, you have to possess exceptional skills in a lot of areas. Apart from prior experience, you will need to show the hiring manager that you are an organized individual, who has an analytic mind. Ensuring that department liaison is created and maintained professionally will also be part of your work, which is why it is important that you possess excellent communication and interpersonal skills.
A list of job duties particular to the position of an estimating manager is provided below for you to refer to:
Estimating Manager Duties and Responsibilities
• Confer with project management to determine the type of project that is being obtained, to acquire solid information about it.
• Conduct initial analysis of basic requirements to ensure that project cost estimates can be determined.
• Create, and develop estimates for assigned projects, and ensure that they are in sync with the management’s requirements.
• Oversee the coordination and implementation of the framework for each assigned project, as it pertains to costs.
• Analyze business plans to determine labor costs associated with the delivery, installation, and maintenance of products and services.
• Gather information both internally and externally to determine material costs, ensuring that budgetary constraints are kept in mind.
• Coordinate project teams to prepare bids, select vendors, and assess the cost-effectiveness of projects to be bid.
• Supervise the work of estimators within the department, ensuring that they follow protocol at each step.
• Develop and review total estimates and proposals, and bid documents for accuracy cost effectiveness.
• Monitor actual costs and compare them with estimated ones to derive data for accuracy for the next estimation.