Wood

Cost Engineer

Wood

full-time

Posted on:

Location: 🇹🇭 Thailand

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Job Level

JuniorMid-Level

About the role

  • 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 and 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

Requirements

  • Bachelor’s Degree in a relevant technical or business discipline, preferably in a field of Engineering
  • Incumbents will typically have a minimum 2 years relevant cost experience in Oil & Gas, Petrochemical, Pharmaceutical, Chemical or similar facilities; experience of FEED, EPC projects is preferable
  • Basic knowledge of cost software and related principles, tools and techniques including budgeting, forecasting and cash-flow
  • Basic knowledge of Project Execution Procedures for Cost Management including Change Management
  • Basic understanding of WBS & CBS structures and project reporting capabilities
  • Basic ability to develop project cost budgets and change estimates
  • Basic ability to prepare cost reports
  • Basic 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 & Manage
  • Must have good IT skills
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