Standard costing
Ability to apply Standard costing practices and professional judgment to deliver reliable outcomes in global business services & finance operations contexts.
What each level means
The P1–P5 scale is shared across every skill, but what each level means changes with the skill. This is what it looks like in practice.
P1
Describes the process, controls, stakeholders and basic decisions involved in Standard costing.
P2
Executes standard Standard costing activities accurately within established controls and escalates exceptions.
P3
Owns complex Standard costing cases/processes, improves controls and coaches colleagues.
P4
Sets cross-team standards and governance for Standard costing, integrating risk, metrics and stakeholder needs.
P5
Defines enterprise strategy or external practice for Standard costing and develops other experts.
Source: PROCOMER FTZ employer benchmark