At this level a Senior Cost Engineer (PMO Cost Specialist (Advanced is responsible for applying requirements management, budgeting & cost control, financial management, change management and benefits management independently primarily in complex situations across P3M. Ability to developing and agree scope/budgets for projects and/or programmes and controlling forecast and actual costs against them. This includes the provision of risk & opportunity analysis on these budgets and change management.
Top 5 Major Tasks and Activities:
• Develop/implement and maintain the Project Baseline Budgets incl Control Account Plans/Responsibility Assignment Matrix and WBS Dictionary (SOW).
• Responsible for the monitor, control and validation of project s accruals and commitments and the control of resource and financial forecast data.
• Management and control of cost risk budget and drawdown and input into the risk management process.
• Management and control of financial change management on the project and assurance of alignment with the business/contractual requirements.
• Provision of internal and external financial performance & cost reports including earned value and variation analysis.
Additional Key Accountabilities:
• Alignment of cost management with schedule and contract.
• Maintain cost elements within ERP
• Key point of contact with the client and the project accountant for all financial budget and change control
• Develop appropriate internal CBS and Control Accounts that are aligned to scope, contract and WBS.
• Provide cost management support to bid and project initiation phases to ensure project are correctly set up and initiated.
• Ensure cost management is aligned to the estimates and estimating process
Company/Industry Knowledge:
• Significant experience of applying budgeting & cost control in a complex environment
Extensive recent and relevant experience in a similar environment / business sector
• Awareness of various contracting methodologies (e.g. FIDIC/NEC3-4/JCT etc ) including resolution of claims and disputes
• Previous experience of supervisory / line management in cost estimating, cost engineering or project controls environment
• Advanced knowledge of cost management techniques
• Advanced knowledge of Earned Value Management
• Advanced Estimating
• Quantity surveying
• Quantitative risk analysis experience
• Full project lifecycle experience from bid phase through to close out
Qualifications :
• HNC level qualification (or equivalent) in cost engineering or quantity surveying
• Ideally a bachelors degree in engineering / project / construction management or a related field
• ECITB QCF Level 5 Diploma in Cost Engineering (Cost Control)
• Have an professional qualification and membership (eg APM/Acoste/RICS) (or equivalent)
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