£30.00 - £45.00 per hour
27 days ago
Morson International are currently looking to recruit an experienced Cost Engineer on behalf of our marine defence client based in Devonport.
The Nuclear Facilities Project Cost Engineer shall be professionally accountable to the Head of Cost Control (Submarines). Day-to-day functional management will be via the local project team.
The Cost Engineer shall be professionally accountable to the Head of Cost Control Day-to-day functional management will be via the local project team.
Key elements of the post include:
- Maintaining a safety first approach in all projects/programme activities and foster the company safety culture and Guiding Principles. Assisting with develop the project cost control strategy, plans and procedures. Understanding how the contract type used (i.e. target price, fixed price etc.) can affect the total project cost.
- Coordinating development and implementation of project WBS and CBS in concert with the Project Manager and Project Planner. Participating in the development of project execution plans. Participating in the development of estimates and studies within a project stage and for sanction. Coordinating and develop appropriate control budgets consistent with project estimate and WBS / CBS.
- Ensure that all project costs are captured. Data gathering for reporting and analysis purposes Preparing ACWP and Estimate at Completion / Anticipated Final Cost (EAC / AFC) analysis report for projects, in line with Budgeted Cost of Work Performed (BCWP) forecast. Preparing monthly project performance reports. Collecting and compiling progress and cost data, and develop cost-control worksheets and reports for review by delivery teams. Providing cost input to closeout process.
- As part of the project close-out procedure, provide data to the Cost Estimators to assist with analysis of project costs (post final account) for future benchmarking. Coordinate preparation of cost risk analysis. Review financial data related to accruals, invoice payments, purchase orders and material deliveries and other financial data. Provide cost input to and implement the cost element of change management procedures.
- Link risk process to change process and estimate provide cost input to and implement the cost element of the risk management plan. Coordinating and developing project work-in-progress (WIP), commitment and estimate at complete (EAC) forecasts. Coordinating and developing project annual-spend projections, cost reconciliations and variance analyses.
Candidates should have proven experience in applying budgeting and cost control technique within a complex environment, and ideally a bachelors degree in engineering / project / construction management or a related field.