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  • Job reference: RMS0144152

Cost Engineer

  • Sector: Oil & Gas
  • Location: Aberdeen
  • Job type: Contract
  • Date posted: 27/06/2014
This vacancy has now been filled.

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The Company:
Our Client is one of the world's largest energy companies with over 95,000 employees in 100 countries around the world, providing its customers with fuel for transportation, energy for heat and light, retail services and petrochemicals products for everyday items. Our Client's brand has grown to become recognised worldwide for quality gasoline, transport fuels, chemicals and alternative sources of energy such as wind, solar and biofuels.

The Role:
1. This position will report functionally to the Cost Team Lead, whilst operationally to the Manager of the Delivery Team you’re assigned to.
2. A close working relationship with PSCM is expected in alignment with current RACi while the Planning Team should be consulted to ensure phasing assumptions are in alignment to plan prior to monthly BRO cost review meeting.
3. Other key relationship is the day to day working with Finance on SAP Actual costs, invoicing, cash forecasting and reconciliations for the relevant delivery area etc. (see Attachment II)
4. Support the Project Mission by working with the Delivery Area Managers to achieve the Project Target. In support of this, align Cost Performance Report to the Project Target and working with the Delivery Area Manager, be intolerant of gaps in forecast assumptions which are against Project Target.
5. Support Project Services Manager, Delivery Manager and Cost Team Lead with all cost related deliverables.
6. Adhere to the principles outlined in the Project Services governing documents (Major Projects Common Process, Company's Glossary of Terms, MPcP Project Services Guidelines, GPO Cost Engineering Procedure, Project Execution Plan, PSEP (Project Services Execution Plan), Budget Management Plan etc.)
7. Interface closely with all the Project Cost Engineers to ensure high standard of functional excellence in terms of accuracy and consistency is maintained for all Cost Deliverables.
8. As part of Monthly Cost updating cycle, conduct regular reviews with Delivery Manager to:-
I. Validate assumptions which underpins the cost forecast
II. Review Dashboard Report with supporting “finger-on-the-pulse” analysis which emphasis emerging trends with particular focus on risk and opportunities embedded in the forecast.
III. Agree cost data to be reported prior to updating of BPC
These updates need to be carried out in strict accordance with the Project Reporting Calendar. (see Attachment III)
9. Network with other North Sea Projects to share lessons learned and gain any available knowledge on common processes which can help improve performance management and reporting on Project.
10. Work with the cost engineers of the core EPC contractors of your designated Delivery Area to ensure adherence to cost reporting requirements with detailed analysis of information submitted. The contractor reports should be transparent enough to offer identification and in-depth analysis of trends with performance metrics which supports an early warning signal of poor performance.

1. Prepare, maintain and analyse all Cost Control data related to your Delivery Area, including but not limited to budgets, commitments, VOWD, Forecast, Budget Transfer, Cost Phasing etc. to ensure the Dashboard and supporting Delivery Area Cost Report and associated analysis is reflective of the current status of the project.
2. Rigorously apply Project Budget Management Plan to ensure there’s control and visibility to budget movements.
3. Monitor the core EPC Contractor for your designated Delivery Area to ensure the following:
a. Timely and accurate delivery of Cost Reports, phasing and curves.
b. Trends are analyzed with corrective actions and recovery plans in place
c. Working with the Planning Team, ensure progress is consistent with recorded costs and other parameters
d. Working with PSCM, ensure cost and subsequent invoices are aligned to contract
e. Scopes of work are estimated correctly and included in reports and forecasts
4. Analyse and document all variances from Budget and in Year Targets.
5. Support the Cost Team Lead and the Project Services Manager in the overall delivery of cost engineering services to the project.
6. Respond to requests for adhoc data, data analysis, and presentation materials.
7. Participate in Delivery Team meetings and workshops as requested.
8. Lead close out activities, purchase order completion and providing all inputs for Project Close-Out data-book for your designated Delivery Area.
9. Strong commitment to HSSE.
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