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Ernesto Clark
Production Cost Estimator
Summary
Highly accomplished Production Cost Estimator with 8+ years of experience in developing and implementing cost estimating models, conducting cost analysis, and providing accurate cost estimates for major projects. Proven ability to reduce production costs by 15%, identify areas for cost reduction, and ensure adherence to project budgets. Strong knowledge of cost estimating software and techniques, resource planning, and project management principles. Excellent communication and interpersonal skills, with a proven track record of collaborating effectively with design engineers and project managers.
Education
Bachelor’s Degree in Industrial Engineering
June 2019
Skills
- Estimating Software (e.g., SAP, Oracle Primavera)
- Cost Analysis
- Cost Management
- Resource Planning
- Budgeting and Forecasting
- Project Management
Work Experience
Production Cost Estimator
- Utilized industrystandard costing software and techniques to ensure compliance with industry best practices.
- Conducted cost audits and investigations to identify and resolve cost overruns and variances.
- Provided cost control and reporting to management, highlighting cost trends and potential areas for improvement.
- Established and maintained a cost database for standardized materials and components, reducing the time required for cost estimation.
Production Cost Estimator
- Developed and implemented cost estimating models for new product lines, reducing production costs by 15%.
- Performed detailed cost analysis of raw materials, components, and finished goods, identifying areas for cost reduction.
- Prepared detailed cost estimates for major projects, ensuring accuracy and adherence to project budgets.
- Collaborated with design engineers and project managers to provide timely and accurate cost estimates throughout the product development cycle.
Accomplishments
- Reduced production costs by 15% by optimizing material selection, streamlining production processes, and negotiating favorable vendor contracts.
- Improved estimation accuracy by 9% through the implementation of advanced cost modeling software and statistical analysis techniques.
- Developed and implemented a cost estimation methodology that resulted in a 5% increase in project profitability.
- Analyzed historical cost data and identified costsaving opportunities that led to a 10% reduction in raw material expenses.
- Collaborated with crossfunctional teams to optimize production processes and reduce manufacturing costs by 12%.
Awards
- Recognized with the Cost Estimation Excellence Award for exceptional accuracy and costsaving initiatives.
- Received the Project Cost Management Excellence Award for outstanding performance in managing project costs within budget constraints.
- Honored with the Cost Reduction Initiative Award for successfully implementing costsaving measures that generated significant financial savings.
- Awarded the Production Cost Optimization Award for developing and implementing innovative costsaving strategies.
Certificates
- Certified Cost Estimator (CCE)
- Associate Cost Engineer (ACE)
- Certified Professional Estimator (CPE)
- Project Management Professional (PMP)
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How To Write Resume For Production Cost Estimator
- Quantify your accomplishments with specific metrics and data whenever possible.
- Highlight your expertise in cost estimating software and techniques.
- Showcase your ability to identify and resolve cost overruns and variances.
- Emphasize your strong communication and interpersonal skills.
- Consider obtaining a certification in cost estimating or project management.
Essential Experience Highlights for a Strong Production Cost Estimator Resume
- Developed and implemented cost estimating models for new product lines, reducing production costs by 15%.
- Performed detailed cost analysis of raw materials, components, and finished goods, identifying areas for cost reduction.
- Prepared detailed cost estimates for major projects, ensuring accuracy and adherence to project budgets.
- Collaborated with design engineers and project managers to provide timely and accurate cost estimates throughout the product development cycle.
- Utilized industry-standard costing software and techniques to ensure compliance with industry best practices.
- Conducted cost audits and investigations to identify and resolve cost overruns and variances.
- Provided cost control and reporting to management, highlighting cost trends and potential areas for improvement.
Frequently Asked Questions (FAQ’s) For Production Cost Estimator
What is the role of a Production Cost Estimator?
A Production Cost Estimator develops and implements cost estimating models, conducts cost analysis, and provides accurate cost estimates for major projects. They work closely with design engineers and project managers to ensure that projects are completed within budget.
What are the key skills required for a Production Cost Estimator?
Key skills for a Production Cost Estimator include cost estimating software (e.g., SAP, Oracle Primavera), cost analysis, cost management, resource planning, budgeting and forecasting, project management, and strong communication and interpersonal skills.
What are the career prospects for a Production Cost Estimator?
Production Cost Estimators can advance to roles such as Cost Manager, Project Manager, or Senior Cost Estimator. With experience and additional qualifications, they can also move into management positions.
What is the average salary for a Production Cost Estimator?
The average salary for a Production Cost Estimator in the United States is around $75,000 per year. However, salaries can vary depending on experience, location, and industry.
What are the challenges faced by Production Cost Estimators?
Production Cost Estimators face challenges such as dealing with incomplete or inaccurate data, managing project scope changes, and ensuring that cost estimates are accurate and reliable.
What are the benefits of using cost estimating software?
Cost estimating software can help Production Cost Estimators to improve accuracy, reduce time spent on manual calculations, and manage project costs more effectively.
What are the key trends in cost estimating?
Key trends in cost estimating include the use of cloud-based software, big data analytics, and artificial intelligence. These technologies are helping Production Cost Estimators to improve accuracy, reduce costs, and make better decisions.