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  • Job reference: RMS0106180

Project Cost Control Engineer

  • Sector: Oil & Gas
  • Location: Aberdeen
  • Job type: Contract
  • Date posted: 09/02/2012
We're sorry this position has now been filled.

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The Company:
Our Client uses its pioneering spirit to responsibly deliver energy to the world. This purpose transcends all of the clients operations. The Company conducts its business to return maximum value to shareholders while utilizing a wealth of knowledge and resources from its employees and acting responsibly in all communities in which it operates. With more than 30,000 employees, our Client works worldwide to consistently deliver top performance, value and to maintain the company’s global market

The Role:
The Cost Control Engineer will provide necessary advice, support and services to Project Management and the Project Team as regards project cost control, monitoring and reporting. This position will lead the implementation and maintenance of cost control systems to ensure that costs are accurately managed and reported; trends or deviations are raised and approved on a timely basis; and the project forecasts are accurate. The Cost Engineer is also responsible to ensure that the process is carried out in the most orderly and expedient manner in accordance with the Capital Projects Management System (CPMS).

•Assist in the creation of project cost estimates for all aspects of the project (owners costs, engineering, construction etc).
•Manage cost engineering activities including development and implementation of cost controls.
•Coordinate with the Planner / Scheduler and Project Controls Manager in the organization and facilitation of risk assessment interviews.
•Facilitates cost risk mitigation and contingency planning process.
•Develop project cost control procedures in accordance with the CPMS.
•Prepare procedures for budget management and forecasting.
•Define project financial benchmarks for the duration of the project.
•Migrate conceptual project estimates to definitive project control estimate
•Establish and maintain cost data input to an integrated project cost and schedule system.
•Participate in early project activities related to reviewing/upgrading contractor’s cost control organization and procedures
•Assure accuracy and timeliness of data collection for cost measurement
•Coordinate flow of information related to contractor input into the contractor’s estimate and to the reforecasting effort associated with the control estimate
•Monitor and appraise project costs outside the contractor’s responsibility, such as: Owners PMT cost and Owners change
•Interface with the Contractor’s Cost specialists to ensure that cost data is incorporated into the integrated project budget.
•Process periodic invoices and liaise with the financial control personnel in order to maximize the effective use of resources
•Report periodic status of all project costs and cash flows for cost and production trends, estimated final cost analysis, cost variance analysis for Project Managers Progress reports.
•Report funding budgets and cash flows, trends and variance of the Project Plan.
•Register and evaluate technical change orders for cost impact.
•Implement project documentation and data preservation routines.
•Integrating owner and contractor systems in to a cohesive project cost management and reporting system.
•Enabling the implementation of the company systems.

Essential Skills / Qualifications:
•Leadership ability in the area of Cost Control
•Proven expert in cost engineering \ cost control
•Solid understanding of Upstream projects and their management and control
•Good understanding of SAP and procurement process used for cost management
•Strong communication skills
•Well-developed analytical skills with ability to asses project plans and identify gaps and risks
•Excellent problem solving skills
•Structured and disciplined
•Self motivated
•Accountable and delivers on commitments

Desirable Skills / Qualifications:
•Bachelor degree (B.Sc.) or equivalent education. Less formal education may be compensated with documented relevant experience.
•Relevant experience within project management in the oil and gas industry.
•Good management presentation and reporting skills
•Good knowledge of key capital project management processes.
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