Use this sample and step by step explanation for setting meaningful and inspiring employee performance goals for a cost estimator.

A Cost Estimator is assigned the role of collecting and analyzing data to determine the amount of labor, time and material it would take to produce a product or deliver a particular service. He or she will ensure that all factors are considered before a particular project is undertaken to avoid resource wastage and inconveniences.

Besides that major role he or she will perform the following duties; travel to gather the required information; consult with other professionals to come up with a good estimate; perform cost suitability and profitability; maintain the directory of all contractors, subcontractors and suppliers; develop plans for the project cost; resolve any estimate issues with the clients and prepare and document all cost and expenditure statements.

Employee Performance Goals Sample

Employee's Name: Title:
Review Period: __/__/__ to __/__/__ Employee SSN:
Work Location: Supervisor's Name:

Instructions

  1. Setting Goals: List specific goals in the space provided below each competency under "Performance Goals". Assign an appropriate timeline for each goal as well as numeric or financial terms to measure the goal.
  2. Employee Comments: The employee must comment next to each goal under "Employee Comments" with "Okay" for goals which he/she feels comfortable working with, and "Needs Clarification" for goals which he/she believes need to be discussed further. An employee who is comfortable with all the goals can sign the goals at this stage.
  3. Summary: Give a summary of the total time estimated for the employee to have achieved the goals. State action plans and specific milestones to track the goals. Any additional comments agreed between the employee and the supervisor should be noted here.
  4. Human Resources Review: Human resources personnel must confirm that the goals are specific, measurable, achievable, relevant, and time-bound. He/she must then sign the goals in the "Human Resource" section provided under "Signatures".
  5. Signatures: When discussion of the goals has been completed and consensus has been reached, sign the goals and let the employee sign too. Send the final copy to the human resources for inclusion in the employee's professional records.

Performance Goals for Next Period

Performance Goals

Employee Comments

CONFLICT MANAGEMENT:

Learn the willingness to listen attentively to what others have to say without interrupting them.

Develop great and workable tactics and skills that can help in conflict resolution.

[employee comments goal]
INNOVATION:

Respect more the ideas and opinions of others and try to accommodate them.

Try to adapt to the ever-changing needs or circumstances that might arise.

[employee comments goal]
OFFICE POLITICS:

Take the time to evaluate information in order to avoid acting stupidly or causing an argument that was not meant to be caused

Handle own day to day tasks, alert others of any problems, and admit the mistakes one has made

[employee comments goal]
REALISTIC GOAL SETTING:

Anticipate obstacles in advance in order to come up with ideas for dealing with them as soon as they arise

Find a group of like-minded people in order to get new ideas on how to go about meeting own goals

[employee comments goal]
RESULTS ORIENTATION:

Learn how to identify the expected projects or goals results without the need for management's input

Focus oneself and team members on critical activities that yield a great impact on the company

[employee comments goal]
FINANCIAL MANAGEMENT:

Create a budget for cash flow to make sure that the company can pay its expenses comfortably and that revenues and expenses are managed proactively

Come up with ways to reduce expenses; look for products that one can reduce the costs without affecting their quality or impact

[employee comments goal]
BUSINESS ETHICS:

Demonstrate responsive attitude towards the concerns of others regarding inequality and unfair treatment

Coach others on the role and importance of honesty, fairness, and integrity

[employee comments goal]
DIVERSITY AWARENESS:

Lead in promoting team building activities that enhance diversity awareness

Avoid making jokes that might be offensive to others and be more respectful to people with diverse views

[employee comments goal]
INTERCULTURAL COMPETENCE:

Increase links to networks of individuals and groups from different cultural backgrounds

Participate in celebrations and events that feature people with different cultures

[employee comments goal]
PROCESS IMPROVEMENT:

Learn to map existing processes and use business process models and flow charts to capture complex scenarios

Constantly use survey results to assess the impact of ongoing process improvement efforts

[employee comments goal]

Summary

Sections 1-2: To be completed by the supervisor

Section 3: To be completed by the employee

1. Goals completed since last performance feedback

2. Goals for next period

3. Employee comments

Signatures

I acknowledge that I discussed this performance feedback with my supervisor. My signature does not mean that I agree or disagree with this appraisal.
Employee: Date:
Supervisor: Date:
Human Resources: Date:

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