Identify and promote cost or time savings through Project Control, Estimating, Planning & Cost Engineering activities during the concept and definition phase
Overview
Performance criteria
You must be able to:
You must be able to:
P1 Establish and allocate target costs and determine the anticipated quantities required for a range of business deliverables
P2 Research and interpret technical/engineering drawings, Computer-AidedDesign Models, technical papers and/or written specifications
P3 Understand and interpret the design requirements or design intent of the business / project deliverables
P4 Identify the key functional elements of the design requirements
P5 Determine the key cost drivers associated with achieving the functional parameters
P6 Create and maintain cost models and/or Cost Response Curves
P7 Review concept and definition options, cost-performance trade-offs, and identify cost avoidance or cost reduction objectives
P8 Demonstrate an ability to influence the thinking of key stakeholders
Knowledge and Understanding
You need to know and understand:
You must be able to:
K1 Principles of Target Costing or Scheduling
K2 Principles of Value Analysis and Value Engineering
K3 Principles of Process Improvement (e.g. Lean Manufacturing, Learning Curve) K4 Root Cause Analysis techniques
K5 Engineering Design Principles and Practice
K6 Appreciation of Test, Commissioning and Validation requirements
K7 Appreciation of associated Technologies, Processes and Facilities (e.g. Manufacturing, Construction or Information Technologies)
K8 Lateral Thinking and Brainstorming techniques
K9 Cost Modelling techniques