Senior Cost Engineer

Aberdeen, Scotland, United Kingdom

12/23/2024

Job Description

Wood is looking for a Senior Cost Engineer for Site Projects to join our team in Aberdeen, Scotland on a permanent staff basis.

We welcome applications from candidates who are looking to take the next step up in their career and those already at at Senior level.

Job Objective

The preparation and reporting of project cost budgets, and the tracking, management and reporting of project expenditure to enable robust control of projects throughout their lifecycle.

Responsible for the development of project budgets, the tracking of actual and forecasted costs and the generation of cost reports, ensuring they are prepared to the required level of detail and accuracy and accordance with contractual requirements and Wood policies, procedures and standards.

Supports in the management and development of the Cost team, the management of project budgets, actual and forecast costs, and the preparation and filing of project cost documentation.

May act as the focal point for several project scopes. Responsible for identifying areas of best practise and driving continuous improvement within the Cost team.

Responsibilities

• Review and maintain Project Work Breakdown Structure (WBS) and Cost Breakdown Structure (CBS) for TAR and Outage cost control
• Liaise with other Project Controls disciplines and functions, assist and support in the development of project budgets in accordance with the Basis of Estimate including statements of work scope, assumptions, man-hour estimates, narratives, and review & comment of client documents
• Liaise with Planning discipline to ensure accurate and timely control and forecasting of budgets and ensure that the impact of all change requests is properly assessed and included in the schedules
• Liaise with procurement, finance, and time-capture functions, and third parties as required, to ensure accurate and timely capture of procurement, materials, subcontract and labour manhour costs. Ensure costs are allocated accurately in accordance with approved project WBS
• Liaise with engineering, procurement and construction functions, and others as required, to maintain awareness of project activities and their impact on the project budget, schedule, and cost forecast
• Manage the project / assignment work approval process in terms of accurate cost code allocation and initial budget set-up and approvals
• Review and maintain project cost budgets using appropriate software applications
• Monitor and control cost commitments and expenditures through all phases of project lifecycle
• Liaise with project management, project planning, and others as required to ensure accuracy in project cost phasing and forecasting
• Provide copies of project cost performance reports in accordance with project reporting requirements
• Review and issue updates to project cost forecasts
• Monitor and report on cost impact of project manpower forecasts
• Coordinate development, review, and issue of project change orders / variations in accordance with engineering and construction change notifications
• Assess, review, and communicate cost and schedule impact of change notifications
• Monitor and review cost impact of achievement / non-achievement of major project milestones
• Monitor and review overall project cost performance and contingency drawdown
• Attend project / client periodic meetings and present project cost performance status as required
• Facilitate / chair internal project cost performance meetings as required
• Facilitate the project cost close-out process
• Participate in cost & estimate risk analysis sessions as required
• Participate and lead Project Controls Compliance and Continuous Improvement Reviews
• Play an active role in the mentoring and career development of Cost personnel
• Delegate and manage the work of subordinate project controls staff as required
• Monitor and review overall project cost performance and contingency drawdown.
  
  

Responsible For Ensuring That

• Budgets correspond in structure and monetary value to submitted estimates, the WBS & CBS
• Original and current budgets correspond to approved estimates plus approved scope changes through the project life cycle
• Updates issued in a timely manner and cost reports are accurate within the bounds of the cost system
• Projects are reported accurately and with sufficient detail
• Project issues are highlighted in a timely manner
• Project reports are issued in accordance with the contract reporting calendar
• Scope and design development change orders are correctly identified
• Change orders are tracked and correct submittal and approval dates are entered in tracking system
• Change order status is adjusted within cost reporting system as change orders are submitted and approved.
  
  

Qualifications

QUALIFICATIONS

Typically requires ISCED level 6 (Bachelors) Degree in a relevant technical or business discipline (or equivalent gained through relevant vocational training and/or industry experience)

Knowledge, Skills, And Experience

• Relevant cost experience
• Excellent knowledge of cost software and related principles, tools and techniques including budgeting, forecasting and cash-flow
• Excellent knowledge of Project Execution Procedures for Cost Management including Change Management
• Excellent understanding of WBS & CBS structures and project reporting capabilities
• Advanced ability to develop project cost budgets and change estimates
• Advanced ability to prepare cost reports
• Strong understanding of change management and associated cost and schedule processes
• Strong understanding of earned value application, cost and schedule variance analyses/trending and what-if scenarios
• Excellent understanding of project management principles and techniques
• Strong understanding of Cost Management, Change Control, Planning & Risk Analysis & Management
  
  

Personal Attributes

• Demonstrates commitment to Wood Values, Visions & Behaviours
• Applies analytical and statistical evaluation
• Ability to work independently and as part of a team
• Demonstrates effective organization & planning skills
• Ability to handle multiple tasks and changing priorities in a fast paced environment
• Strong communication skills both written and oral
• Uses initiative, experience and a proactive approach to problem solving
• Ability to guide, mentor & lead others
• Commitment to continuous improvement
  
  

About Us

Wood is a global leader in consulting and engineering, helping to unlock solutions to critical challenges in energy and materials markets. We provide consulting, projects and operations solutions in 60 countries, employing around 35,000 people. www.woodplc.com

Diversity Statement

We are an equal opportunity employer that recognises the value of a diverse workforce. All suitably qualified applicants will receive consideration for employment on the basis of objective criteria and without regard to the following (which is a non-exhaustive list): race, colour, age, religion, gender, national origin, disability, sexual orientation, gender identity, protected veteran status, or other characteristics in accordance with the relevant governing laws.