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  • Job reference: RMS0215337

Cost Engineer

  • Sector: Oil & Gas
  • Location: Trinidad and Tobago
  • Job type: Contract
  • Date posted: 10/09/2019
  • Duration: 1 year
  • Time left:
    d h m s
    (22/10/19)
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Principal Accountabilities
* Establish Project Baseline and Cost Management Framework: Identify and record the documents defining the project baseline (scope, cost and schedule). Develop and implement project specific WBS (Work Breakdown Structure) and underlying CTR (Cost, Time, Resource) structure, populate with budget information and secure CTR owner sign-offs. Implement standard CBS (Cost Breakdown Structure) within client and contractor processes. Establish consistent approach to treatment of multi-currency transactions. Develop Project Controls Plan aligned with Planning, Finance and Contracting & Procurement processes.
* Implement Cost Control Processes: Embed and maintain in client and Contractor processes; Commitment capture, VOWD (Value of Work Done), Cost forecasting/phasing and Earned Value consistent with the company procedures. Establish Cost Report content and frequency; prepare and conduct budget holder reviews, and publish. Support Contracts and Procurement group by providing detailed cost and performance analysis.
* Establish and Maintain Change/Trend and Contingency Management: Embed the Change/Trend Management process, ensure all participants are aware of their responsibilities and the different classifications of a change/trend, and ensure that appropriate changes/trends are reflected in the regular cost forecast updates. Prepare forecasts and review with budget holders. Establish linkage between Change/Trend Management and Contingency Management, maintain the Contingency release process and ensure accurate current status is reflected in project report.
* Project Reporting: Develop, communicate and maintain the Project Calendar. Develop the Project Management report contents and formats consistent with company standards. In doing so consult with major project stakeholders to ensure all valid reporting requirements are met in an appropriate and efficient way. Contribute to and manage the compilation and approval/issue of project management and cost reports. Develop ad-hoc reports and presentations as required by the project appropriate for the intended audience. Implement process to capture critical project data for historical reporting.
Execute all cost management aspects of the project in accordance with project Health, Safety, Security and Environmental requirements.
* Develop and implement the change management process for projects. Provide guidance on trend analysis and the assessment of change impacts on cost. Maintain trend and change management logs for individual projects and the portfolio.
* Deliver consistent but appropriate cost management structures for major, complex projects.
* Adhere to Company standard tools and processes, as appropriate for each project's life cycle development & execution phase.
* Provide cost engineering support in the development of cost breakdown structures (CBS) and their population from the estimate.
* Develop and document Cost Time and Resource (CTR) sheets for phased cost estimates in line with the Company guidance notes for agreement and sign-off by the CTR budget holders.
* Provide project guidance for creation of accurate monthly cost reports, identifying variances from the plan on commitment, value of work done, changes and currency fluctuations against approved Authorities for Expenditure (AFEs).
* Prepare reconciliations between earlier cost estimates and the current cost forecast.
* Prepare and operate in-house overall cost management systems and cost data
* Participate in peer reviews and other assurance events.
* Prepare earned value analysis in conjunction with the project planner/scheduler
* Maintain and promote realism in the cost forecasts in the face of commercial pressure and optimism from project teams.
* Maintain consistency in cost bases through rigorous adherence to the controls processes.
* Execute all cost management aspects of the project in accordance with project Health, Safety, Security and Environmental requirements

Experience and Qualifications
* Engineering Degree
* Certification as a Cost Engineer (CCP, AACEI) or equivalent experience in role considered a plus
* Advanced Microsoft Skills
* Minimum 5 years industry experience in cost engineering positions
* Excellent analytical, oral and written communication skills
* Experience delivering in a portfolio project environment.
* Supports other cost engineers in the department

Before you apply, please be sure to detailed with;
1) Capital Project Experience (project size, budget, achievements, etc.)
2) Portfolio Project Experience (project size, budget, achievements, etc.)

About Fircroft:
Fircroft has been placing people in specialist technical industries for approaching half a century, focusing on mid to senior level engineers for contract and permanent roles worldwide. By applying for this job you give consent for Fircroft to contact you, via email & telephone, to discuss your application along with future positions and Fircroft's services.

Fircroft is registered as a Data Controller with the Information Commissioner as required under the General Data Protection Regulation 2016/679. Fircroft will only process your personal data for the specific purposes of managing your application.

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