Lead Cost Controls Engineer - Procurement

Wood PLC

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.

Accountable 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.

Supervises, guides, and manages the Cost team in terms of delegating work, reviewing the work output of the team where appropriate, providing guidance and support, and managing the development of the Cost team members.

Accountable for ensuring project budgets, costs and reports are documented and auditable and that project budgets, costs and reports maintained and issued in a controlled manner. Acts as focal point for all aspects of cost support to the project team and client, managing the communications interfaces essential for the effective delivery of project cost analysis and support. Accountable for identifying areas of best practice and driving continuous improvement within the Cost team. Responsible for ensuring cost systems,
process, procedures, and standards are maintained.

Role may be standalone on a project or as part of a team as determined by the requirements of the project
organisation

RESPONSIBILITIES

• Accountable for ensuring project cost budgets are developed and maintained in accordance with the Project Work Breakdown Structure (WBS) and the Basis of Estimate
• Effectively manage the communications interfaces essential for the delivery of the cost function
• 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
• Accountable for ensuring project cost budgets are developed and maintained using appropriate software applications
• Monitor and review 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
• Review and evaluate project cost performance reports in accordance with project reporting requirements
• Review and evaluate updates to project cost forecast
• Review and analyze on cost impact of project manpower forecasts
• Review and issue of project change orders / variations in accordance with engineering and construction change notifications
• Review, assess and communicate cost and schedule impact of change notifications
• Monitor cost impact of achievement / non-achievement of major project milestones
• Monitor 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
• Lead the project cost close-out process
• Facilitate & participate in contract and corporate Risk Analysis sessions
• Lead and participate in Project Controls Compliance and Continuous Improvement Reviews
• Play a key role in the mentoring and career development of Cost personnel
• Delegate and manage the work of subordinate project controls staff as required
• Provide direction, guidance and support to subordinate project controls staff as required
• Assist in staff performance reviews for cost team
• Participate in contract and corporate Audits
• Act as the Cost Focal Point for all project scopes within the assignment

Accountable 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

• Incumbents will typically have a minimum 15 years relevant scheduling/planning experience
• Extensive Middle East Oil and Gas experience
• Previous experience in major ADNOC EPC / EPCM projects
• 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
• Excellent understanding of change management and associated cost and schedule processes
• Excellent understanding of earned value application, cost and schedule variance analyses/trending and what-if scenarios
• Excellent understanding of project management principles and techniques
• Excellent understanding of Cost Management, Change Control, Planning & Risk Analysis & Management
• Prior experience in a Senior or Principal Cost role and managing a team