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Banks Hayes
Acquisition Cost Estimator
Summary
Highly skilled Acquisition Cost Estimator with over 10 years of experience in the defense industry. Proven ability to develop and implement cost estimation models that reduce acquisition costs and improve program performance. Expertise in parametric cost estimating, requirement analysis, and life cycle cost analysis. Seeking a challenging role where I can leverage my skills to contribute to the success of complex acquisition programs.
Education
Master’s in Business Administration or Engineering
April 2017
Skills
- Cost Estimation
- Requirement Analysis
- Budget Analysis
- Life Cycle Cost Analysis
- Total Ownership Cost Analysis
- Financial Modeling
Work Experience
Acquisition Cost Estimator
- Developed and managed a comprehensive cost database for a large defense contractor, ensuring the availability of uptodate and accurate cost data for all acquisition programs.
- Collaborated with program managers, engineers, and other stakeholders to develop realistic and achievable cost estimates for complex acquisition programs.
- Utilized a variety of cost estimating software tools and techniques to develop accurate and reliable cost estimates.
- Developed and implemented a cost control plan for a major defense acquisition program, resulting in significant cost savings and improved program performance.
Acquisition Cost Estimator
- Developed and implemented a new cost estimation model that reduced acquisition costs by 15% for a major defense contractor.
- Led a team of estimators in developing cost estimates for a complex weapons system acquisition program, resulting in a 98% accuracy rate.
- Utilized parametric cost estimating techniques to develop accurate cost estimates for a variety of defense programs, including aircraft, ships, and missiles.
- Performed detailed cost analyses to identify and mitigate cost risks associated with major acquisition programs.
Accomplishments
- Challenged outdated cost estimation methods and implemented a datadriven approach, resulting in a 15% increase in estimation accuracy and a 10% reduction in project execution costs.
- Collaborated with stakeholders to identify cost drivers and develop mitigation strategies, leading to a 7% decrease in overall acquisition costs.
- Successfully negotiated contracts with suppliers, resulting in favorable pricing and terms that saved the organization over $500,000 on acquisition expenses.
- Developed and implemented a risk assessment framework for acquisition cost estimations, mitigating potential cost overruns and ensuring project success.
- Led a team to develop cost models for multiple projects, ensuring accurate and reliable cost projections for decisionmaking.
Awards
- Received recognition for exceptional performance in Cost Estimation and Analysis, leading to significant cost savings for multiple projects.
- Awarded the Cost Reduction Star award for developing innovative techniques that optimized project budgets and maximized cost efficiency.
- Recognized for contributing to the development and implementation of a cost estimation tool that reduced estimation time by 40%.
- Received a commendation for exceptional performance in estimating the cost of complex systems, with a track record of over 95% accuracy.
Certificates
- Certified Acquisition Cost Estimator (CACE)
- Professional Cost Estimator (PCE)
- Financial Analyst (CFA)
- Project Management Professional (PMP)
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How To Write Resume For Acquisition Cost Estimator
- Highlight your experience in developing and implementing cost estimation models that have reduced acquisition costs.
- Showcase your ability to lead teams of estimators and develop accurate cost estimates for complex acquisition programs.
- Emphasize your expertise in parametric cost estimating, requirement analysis, and life cycle cost analysis.
- Demonstrate your ability to collaborate with program managers, engineers, and other stakeholders to develop realistic and achievable cost estimates.
Essential Experience Highlights for a Strong Acquisition Cost Estimator Resume
- Develop and implement cost estimation models to accurately predict acquisition costs for major defense programs.
- Lead teams of estimators in developing cost estimates for complex weapons system acquisition programs.
- Utilize parametric cost estimating techniques to develop accurate cost estimates for a variety of defense programs.
- Perform detailed cost analyses to identify and mitigate cost risks associated with major acquisition programs.
- Collaborate with program managers, engineers, and other stakeholders to develop realistic and achievable cost estimates for complex acquisition programs.
- Utilize a variety of cost estimating software tools and techniques to develop accurate and reliable cost estimates.
- Develop and implement cost control plans for major defense acquisition programs to ensure cost savings and improved program performance.
Frequently Asked Questions (FAQ’s) For Acquisition Cost Estimator
What is the role of an Acquisition Cost Estimator?
An Acquisition Cost Estimator is responsible for developing and implementing cost estimation models to accurately predict the costs of major defense programs. They work closely with program managers, engineers, and other stakeholders to develop realistic and achievable cost estimates.
What are the key skills required for an Acquisition Cost Estimator?
Key skills for an Acquisition Cost Estimator include: cost estimation, requirement analysis, budget analysis, life cycle cost analysis, total ownership cost analysis, financial modeling, and project management.
What are the career prospects for an Acquisition Cost Estimator?
Acquisition Cost Estimators can find employment in a variety of industries, including defense, aerospace, and government. They can work for government agencies, defense contractors, or consulting firms.
What is the average salary for an Acquisition Cost Estimator?
The average salary for an Acquisition Cost Estimator in the United States is around $100,000 per year.
What are the challenges of working as an Acquisition Cost Estimator?
The challenges of working as an Acquisition Cost Estimator include: the need to develop accurate cost estimates for complex systems, the need to work under tight deadlines, and the need to manage stakeholder expectations.
What are the rewards of working as an Acquisition Cost Estimator?
The rewards of working as an Acquisition Cost Estimator include: the opportunity to make a significant impact on major defense programs, the opportunity to work with a variety of stakeholders, and the opportunity to develop valuable skills and knowledge.
What is the best way to prepare for a career as an Acquisition Cost Estimator?
The best way to prepare for a career as an Acquisition Cost Estimator is to earn a degree in business administration or engineering, and to gain experience in cost estimation, requirement analysis, and project management.