An example/draft of Functional Competency dictionary designed for personnel engaged in Quality Assurance and Quality Control: DEPARTMENT: Quality Assurance and Quality Control CAREER STAGE MANAGE SELF MANAGE OTHERS MANAGE MANAGER COMPETENCY AREA DESCRIPTION DESCRIPTION DESCRIPTION Cost estimation & control Basic knowledge about the:- § Capital budgeting § Cash flow / funds flow analysis Understands all cost drivers, its relationship with key areas, compare with fixed targets and scope of improvement of assigned area. § Compilation of the data from various sources § Keeping records of costing and various types of expenditure made on the various materials. § Analyzing the gap between budget allocated and actual budget. § Analyzing the gap…