Cost Engineer

3 weeks ago

Aberdeen, Aberdeen City, United Kingdom oilandgas Full time
Job Title: Lead Cost Engineer

We are seeking a highly skilled Lead Cost Engineer to join our team at Wood. As a key member of our project delivery team, you will be responsible for providing cost management expertise to ensure the successful delivery of projects.

Key Responsibilities:
  • Develop and maintain project cost budgets and forecasts
  • Manage and track project expenditure to ensure robust control of projects
  • Provide cost analysis and support to project teams and clients
  • Liaise with procurement, finance, and time-capture functions to ensure accurate and timely capture of costs
  • Ensure costs are allocated accurately in accordance with approved project WBS
  • Manage the project / assignment work approval process in terms of accurate cost code allocation and initial budget set-up and approvals
  • Monitor and review cost commitments and expenditures through all phases of project lifecycle
  • Review and evaluate project cost performance reports in accordance with project reporting requirements
  • Review and evaluate updates to project cost forecasts
  • Review and issue of project change orders / variations in accordance with engineering and construction change notifications
  • Monitor cost impact of achievement / non-achievement of major project milestones
  • Monitor overall project cost performance and contingency drawdown
  • Attend project / client periodic meetings and present project cost performance status as required
  • Facilitate / chair internal project cost performance meetings as required
  • Lead the project cost close-out process
  • Facilitate & participate in contract and corporate Risk Analysis sessions
  • Lead and participate in Project Controls Compliance and Continuous Improvement Reviews
  • Play a key role in the mentoring and career development of Cost personnel
  • Delegate and manage the work of subordinate project controls staff as required
  • Provide direction, guidance and support to subordinate project controls staff as required
  • Assist in staff performance reviews for cost team
  • Participate in contract and corporate Audits
  • Act as the Cost Focal Point for all project scopes within the assignment
Requirements:
  • Typically requires ISCED level 6 (Bachelors) Degree in a relevant technical or business discipline (or equivalent gained through relevant vocational training and/or industry experience)
  • Excellent knowledge of cost software and related principles, tools and techniques including budgeting, forecasting and cash-flow
  • Excellent knowledge of Project Execution Procedures for Cost Management including Change Management
  • Excellent understanding of WBS & CBS structures and project reporting capabilities
  • Advanced ability to develop project cost budgets and change estimates
  • Excellent understanding of change management and associated cost and schedule processes
  • Excellent understanding of earned value application, cost and schedule variance analyses/trending and what-if scenarios
  • Excellent understanding of project management principles and techniques
  • Excellent understanding of Cost Management, Change Control, Planning & Risk Analysis & Management
  • Demonstrates commitment to Wood Values, Visions & Behaviours
  • Demonstrates effective organization & planning skills

About Us:
Wood is a global leader in consulting and engineering, helping to unlock solutions to critical challenges in energy and materials markets. We provide consulting, projects and operations solutions in 60 countries, employing around 35,000 people.

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