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Senior Cost Engineer
1 month ago
Assist and support in the development and maintenance of Project Work Breakdown Structure (WBS) and Cost Breakdown Structure (CBS) for specific scopes.
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 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.
Facilitate and manage the project work approval process in terms of accurate cost code allocation and initial budget set-up and approvals.
Assist and support in the development and maintenance of project cost budgets using appropriate software applications.
Monitor and control cost commitments and expenditures through all phases of project lifecycle.
Liaise with planning as required to ensure accuracy in project cost phasing and forecasting.
Prepare and provide project cost performance reports in accordance with project reporting requirements.
Prepare and issue updates to project cost forecasts.
Monitor and report on cost impact of project manpower forecasts.
Develop and issue project change orders / variations in accordance with engineering and construction change notifications.
Facilitate and communicate cost and schedule impact of change notifications.
Monitor overall project cost performance and contingency drawdown.
Attend project meetings as required.
Participate in the project cost close-out process.
Attend cost & estimate risk analysis sessions as required.
Participate in Project Controls Compliance and Continuous Improvement Reviews.
Contribute to the delivery of cost budgets and reports where:
- 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.
