Manufacturing cost estimator to cost analyst

• already held assess financial viability skill
• already held control of expenses skill
• already held cost management knowledge
• already held identify process improvements skill
• already held perform cost accounting activities skill
• already held prepare cost-plus pricing models skill
• already held provide cost benefit analysis reports skill
• already held synthesise financial information skill
• already held calculate production costs skill
• already held execute analytical mathematical calculations skill
• already held manage budgets skill

• optional, not held create a financial report optional
• optional, not held manage inventory optional
• optional, not held support development of annual budget optional
• optional, not held advise on tax planning optional
• optional, not held analyse financial performance of a company optional
• optional, not held analyse financial risk optional
• optional, not held analyse transportation costs optional
• optional, not held carry out tendering optional
• optional, not held create a financial plan optional
• optional, not held disseminate information on tax legislation optional
• optional, not held enforce financial policies optional
• optional, not held exert expenditure control optional
• optional, not held explain accounting records optional
• optional, not held financial forecasting optional
• optional, not held manage payroll reports optional
• optional, not held negotiate supplier arrangements optional
• optional, not held prepare financial statements optional

• not needed by the target role accurately estimate work hours skill
• not needed by the target role advise on risk management skill
• not needed by the target role analyse business plans skill
• not needed by the target role analyse production processes for improvement skill
• not needed by the target role assess operating cost skill
• not needed by the target role calculate design costs skill
• not needed by the target role calculate materials to build equipment skill
• not needed by the target role ensure cost efficiency in food manufacturing skill
• not needed by the target role estimate costs of required supplies skill
• not needed by the target role estimate duration of work skill
• not needed by the target role estimate restoration costs skill
• not needed by the target role evaluate cost of software products skill
• not needed by the target role forecast production quantities skill
• not needed by the target role international business knowledge
• not needed by the target role liaise with engineers skill
• not needed by the target role manufacturing processes knowledge
• not needed by the target role mathematics knowledge
• not needed by the target role monitor production costs skill
• not needed by the target role monitor production developments skill
• not needed by the target role perform project management skill
• not needed by the target role project management knowledge
• not needed by the target role read assembly drawings skill
• not needed by the target role read standard blueprints skill

Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.

• still to learn company policies required
• still to learn financial department processes required
• still to learn liquidity management required
• optional, not held financial forecasting optional

Yes, and it is a moderate move. A manufacturing cost estimator already covers 45% of what a cost analyst is expected to do: 11 skills carry over, 8 of which the cost analyst role treats as required.

5 required skills are missing, plus 17 optional ones. They fall into 4 areas of the ESCO skill hierarchy, led by business, administration and law. The single most important is company policies.

Its learning distance is 53.3 out of 100, which is the moderate band. That accounts for both how much is missing and how specialised those skills are.