Full Time Job Location
Khobar, Saudi Arabia Nationality
Any Nationality Salary
Not Specified Gender
Not Specified Arabic Fluency
Not Specified Job Function
Engineering - Civil & Construction Company Industry
Oil & Gas
Wood is looking for Cost Engineer for one of his oil and gas project owner Support Position
RESPONSIBILITIES
- Develop, issue and maintain 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
- Develop and maintain 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.
- Coordinate the project cost close-out process.
- Attend cost & estimate risk analysis sessions as required
- Participate in Project Controls Compliance and Continuous Improvement Reviews
- Assist and support in the mentoring of junior Cost personnel.
QUALIFICATIONS
- Typically requires ISCED level 6 (Bachelors) Degree in a relevant technical or business discipline
(or equivalent gained through relevant vocational training and/or industry experience.
- Incumbents will typically have a minimum 8 years relevant cost experience
- Proficient knowledge of cost software and related principles, tools and techniques including
budgeting, forecasting and cash-flow
- Proficient knowledge of Project Execution Procedures for Cost Management including Change
Management
- Proficient understanding of WBS & CBS structures and project reporting capabilities
- Proficient ability to develop project cost budgets and change estimates
- Proficient ability to prepare cost reports
- Understanding of change management and associated cost and schedule processes
- Understanding of earned value application, cost and schedule variance analyses/trending and what if scenarios
- Understanding of project management principles and techniques
- Understanding of Cost Management, Change Control, Planning & Risk Analysis & Management.
Wood is a global leader in consulting and engineering, helping to unlock solutions to critical challenges in energy and materials markets. We provide consulting, projects and operations solutions in 60 countries, employing around 35,000 people.
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