Cost Engineer
Posted on :
26-09-2024
Employer Active
1 Vacancy
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Job Description
- Establish and manage a cost control system in order to support the PM decision-making process and allow him to complete the project within the approved budget
- Ensure any deviation from budget is promptly spotted and analysed, final impact is estimated and the effect of corrective actions taken is monitored
- Create a cost awareness atmosphere among project team
- Satisfy the Operating Company and Corporate requirements for the cost control reporting, cooperating with the proper interfaces
Job Tasks
- Coordinate the risk managment activities startup organizing the first brainstorming and the qualitative / quantitative assessment of the identified risks and opportunities
- Carry out the Montecarlo Analysis During the project phase:
- ensure the Cost Control System works effectively and cost status is soundly assessed and reported
- monitor activity progress and the relevant earned value, as well as the value of work done against the invoices received, determining the monthly accruals (to have accounts in line with works progress)
- Support the Project during the contract changes/claims process providing the cost impact analysis, and keep updated the cost/revenues forecast relevant to intercompany services
- Analyse committed costs and activities to-date, review the estimate to complete, isolating any deviation from bas elines or adverse trend and warn the PM on time to take corrective actions in order to prevent overruns
- Maintain the risk management process organizing periodic meetings and verifying the risk owners feedback
Employment Type
Full-time
Company Industry
Department / Functional Area
Key Skills
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