Cost Engineer / Cost Manager in London, London, United Kingdom
Leading international construction organisation seeks to employ a proven Cost Engineer with a strong knowledge of PRISM and experience of working on major infrastructure programmes. This exciting opportunity will see you join a major scheme at the early stages which will enable you to play a key role in the successful delivery of the project.
Reporting into the Cost Manager you will be responsible for for providing cost management support to the project team and will monitor, control and forecast the costs during the project lifecycle. Other responsibilities will include:
- Control, monitor, analyse and report cost related aspects for designated projects within a Portfolio.
- Implement the correct and appropriate cost management tool for the project in accordance with Central Technical Organisation (CTO) Programme Office processes/templates.
- Development and use of Project Control Structures (CBS, OBS, WBS etc.).
- Understand the basis of the estimate.
- Ensure all cost and contract transactions on a project are understood and managed in an appropriate way.
- Ensure all variances to the cost baseline are communicated in a timely manner.
- Ensure the necessary cost management interface is in place with Finance and ensure regular communications
- Active involvement in the change process, understanding the reasons for and factors influencing each change to the project's cost baseline plus the implications of such change.
- Continually monitor Project Risk and Change status to maintain current forecast.
- Review and understand, with the assistance of the Planning Engineer, the schedule progress and it's alignment to the Project Control Structure.
- Liaise with Project team members and contractors with regards to progress and financial forecasting.
- Update the Cost Tool to comply with Project Reporting Cycles.
- Monitor, control and analyse the project cost information, identify variances and bring these to the attention of the Project Manager with possible alternatives. Prepare specific reports to facilitate challenge and analysis to meet the project's specific needs.
- Challenge cost variances against the baseline plan with individual task leaders/contractors and/or outside stakeholder management as necessary to enable mitigation.
- Contribute to progress meetings as required in support of the Project Manager.
- Regular interfacing and integration with the project Planning Engineer to maintain an aligned financial position with the project Primavera plan.
- Contribute to the drafting and updating of Project Documents (PDD, IRM papers etc.) to ensure that they contains the project Scope of Work, KPI's, payment milestones and the methodology for controlling the project schedule, costs and variances etc.
To be considered for the role of Cost Engineer candidates must have strong working knowledge of PRISM. You will also need to have current or previous experience working on major construction projects in a cost engineering role.
In return you will be offered an attractive salary accompanied with an excellent benefits package.
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