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Cost Engineer

Job Title: Cost Engineer
Contract Type: Contract
Location: Gloucester, England
Industry:
Salary: £400 - £500 per day
Start Date: 2018-02-26
Reference: 76897
Contact Name: Paul Murphy
Contact Email: paul.murphy@nesgt.com
Job Published: February 01, 2018 16:29

Job Description

NES are supporting a global EPC in the delivery of a major infrastructure project within the Nuclear industry.  We're currently looking for a number of cost engineers to get involved in a significant project over a particularly long term.  Specification below.

Proposed Responsibilities  

Cost Engineer, seconded into Client Organisation, fulfilling cost management and project controls functions.

Reporting to the Commercial Management Lead and working to specific Client Cost Management Procedures, they should have experience using PRISM or equivalent Project Control Software.

Help to meet objectives of cost management team:

Ensure robust and transparent cost estimates are established

Set baseline budgets for the PMB

Consistently and accurately capture and report the Actual Cost of Work Performed (ACWP), including Actual Costs and Accruals

Consistently and accurately capture and report the Estimate At Completion (EAC)

Pro-actively drive best value and opportunities to minimise the EAC

Pro-actively support the PMB Change Control Procedure by providing cost impact assessments in collaboration with the Delivery Area Team

Provide the key interface between the Delivery Area Team and the Finance function

Ensure robust and transparent cost estimates are established

Set baseline budgets for the PMB

Consistently and accurately capture and report the Actual Cost of Work Performed (ACWP), including Actual Costs and Accruals

Consistently and accurately capture and report the Estimate At Completion (EAC)

Pro-actively drive best value and opportunities to minimise the EAC

Pro-actively support the PMB Change Control Procedure by providing cost impact assessments in collaboration with the Delivery Area Team

Provide the key interface between the Delivery Area Team and the Finance function

The key principles of cost management are:

The cost PMB, ACWP and EAC are captured in PRISM each period and are key performance indicators used by management

Delivery Area Teams establish their own independent view of supplier ACWP and EAC ACWP must be calculated cumulatively

A cumulative accrual assessment must be supported by the necessary calculations and backup each period and may be audited at any time

Performance is measured using Earned Value: an Earning Rule must be defined for each Control Account and the percentage complete validated each period

Control accounts in PRISM must be mapped to unique SAP IDs

Time Phasing of the EAC must be validated

Qualifications

Educational Professional Qualifications Required  

Degree Qualified and relevant professional memberships/qualifications relevant to role preferred.   

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