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  • Job reference: RMS0102941

Project Cost Engineer

  • Sector: Oil & Gas
  • Location: London and South East - Other
  • Job type: Contract
  • Date posted: 28/12/2011
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The Company:
Our Client is a Global Operator in the Oil and Gas Industry.

The Role:
Location: London, UK then potential to transfer to UAE mid 2012. This Position is with our client's Iraq business unit, therefore there may be an Iraq Travel Requirement.

Overall Job Description and Key Deliverables:
• Develop, Implement and maintain the cost database system to monitor and track the overall project budget, forecast and actual costs including the Annual Work Plan and Budget.
• Develop and maintain Project WBS and associated categorised reporting
• Develop, Implement and Maintain a Cost Database System for cost management and reporting during the Define stage ensuring the system is fully operational from the beginning of Execute.
• Develop and Maintain the Control Budget from the phased Final Cost Estimate, incorporating any changes made to the proposed estimate during the approval process.
• Develop and Maintain a phased forecast profile based on Value of Work Done (VOWD) and use this to compare variances with actual VOWD and Control Budget.
• Develop and Maintain an Unallocated Provision drawdown plan and monitor that plan throughout the life of the project.
• Develop and maintain a Commitment Register in a Cost Database system to catalogue budget obligations.
• Develop and Maintain reports as appropriate.
• Establish and maintain relationships with project, partners and function to obtain and exchange data and information.
• Prepare cost stage gate deliverables.
• Agree with FC&A how accruals will be developed and transmitted and maintain a record of accruals.
• Work with the Manager of Change to maintain a process that tracks change, ensuring any cost and forecasts for rework are separately identified by project phase.
• Monitor change orders and maintain detailed records of project decisions and contractor actions.

Essential Skills / Qualifications:
• Degree in Engineering with Chartered Status or equivalent and relevant discipline qualification
• Good experience in Oil related projects
• Numerate, articulate and IT Literate

Desirable Skills / Qualifications:
• Previous experience of working within a multi-cultural and multi-discipline, multi-location environment.
• Excellent interpersonal skills and ability to deliver exceptional results in difficult project environments.
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