Accessibility Links
  • Job reference: RMS0104268

Cost Engineer III

  • Sector: Oil & Gas
  • Location: Houston
  • Job type: Contract
  • Date posted: 10/01/2012
  • Time left:
    d h m s
This vacancy has now expired.
Send jobs like this to my email
The Company:
Our major oil and gas client is seeking a Cost Engineer III for a one year opportunity with a major operator in West Houston.

The Role:
Develop the project cost control strategy, plans and procedures, reflecting both company and contractor roles and responsibilities, Adhere to the segment financial, business and project processes; Address issues pertaining to project cost control procedures; Coordinate development and implementation of project work breakdown structure (WBS) / cost breakdown structure (CBS) in concert with Project Lead and Project Planning/Scheduling Engineer; Participate in the development of project execution plans; - Participate in the development of estimates and studies within a project stage and for sanction; - Coordinate and develop appropriate control budgets consistent with project estimate and WBS / CBS; - Implement and monitor costs within each project stage and for entire project until completion or close-out; Collect and compile progress and cost data, and develop cost-control worksheets and reports for review by delivery teams; Provide cost input to commitment close-out process; Review and audit contractor cost control procedures and practices; Perform quality assurance on contractor cost-management performance; Ensure the development of estimates and studies within a project stage and for sanction. Coordinate or develop appropriate internal and external benchmarking and technical limits; - Coordinate preparation of cost risk analysis; Review financial data related to accruals, invoice payments, purchase orders and material deliveries and other financial data; Provide cost input to and implement the cost element of change management procedure; Provide cost input to and implement the cost element of risk management plan; Coordinate the development of risk mitigation plans as delegated; Link risk process to change process and estimate; Coordinate and develop project work-in-place (WIP), commitment and estimate at complete (EAC) forecasts; Coordinate and develop project annual-spend projections, cost reconciliations and variance analyses; Prepare project authorization for expenditure (AFE) in concert with Project Lead and monitor AFE approval process; Assist and prepare cost performance management data; Provide interface to other functions and teams to improve processes, resolve conflicting priorities and ensure adherence to best project practices; Work with Financial Control and Accounting function to ensure implemented processes conform to internal control evaluation (ICE) requirements; Prepare and implement project-wide cost measurement and reporting system, including roll-up levels and reporting cycle calendar; Develop and issue various reports to appropriate stakeholders; Develop project close-out plan; Work with business unit or project controller and accounting function to ensure adequate financial controls;

Essential Skills / Qualifications:
Extensive project control or project management experience on large projects, strong experience with cost management tools, ability to prioritize and meet deadlines
Bachelor’s degree required
Similar jobs
Cost Engneer Location Preston, Lancashire Duration permenent The Role: Project Initiation * Provide support / input to...
Sylvanna Berkowitz
Reservoir Engineer Location Anchorage, Alaska Duration 31 months The Role: MAIN FUNCTIONS * Provide guidance to support the...
Krystal Crofts
Project Planner Location St. Neots, Cambridgeshire Duration 6 months + The Role: The Role: The planner's role is to manage the...

Back to Top