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Cost Engineer (Egypt)

Information:

Posted: 27 Jun 2012
Apply deadline: 25 Sep 2012
Location: Egypt
Company: BP

Job description:

Role synopsisThe Cost Engineer will play a key role in delivering a complete suite of cost control services and financial support to Projects. The post holder’s primary responsibility is to update and maintain the cost database to enable accurate, timely and succinct cost reports to be provided to Project management, and highlighting any areas of concern for potential cost overruns. .Key accountabilities•Implement Project Cost Control strategy, plans and procedures. Resolve issues relating to project cost control procedures.
•Coordinate development and implementation of project Work Breakdown Structure (WBS)/Cost Breakdown Structure (CBS) in concert with Project Lead and Project Planning/Scheduling Engineer.
•Participate in development of Project Execution Plan.
•Participate in the development of estimates and studies within a project stage and for sanction.
•Coordinate and/or develop appropriate control budgets consistent with project estimate and WBS/CBS.
•Monitor costs, collect and compile progress and cost data, develop cost control worksheets and reports for review by delivery teams.
•Review and audit contractor cost control procedures and practices.
•Perform quality assurance on the contractor's cost management system, and performance vs budgets.
•Review financial data related to accruals, invoice payments, purchase orders and material deliveries and other financial data. Coordinate assessment of Value-of-Work Done, and Commitments, and Forecast final Cost.
•Coordinate and/or develop project annual spend projections, cost reconciliations and variance analysis.
•Assist and/or prepare cost performance management data for reporting.
•Provide interface to other functions and teams to improve processes, resolve conflicting priorities and ensure adherence to best project practices.
•Work with Financial and Accounting function to ensure processes implemented conform to Governance requirementsEssential EducationBachelor's Degree.Essential experience and job requirements•Project control or project management experience on large projects.
•Moderate or better experience level with cost management tools, (not just spreadsheets).
•Familiar with the difference between accrued expenditures (“Value of work done“) and cash flows.
•Working knowledge of commitment and contract administration processes
•Working knowledge of project Change Management and Risk Management processes
•Ability to organize and prioritize work and meet deadlines.
•Ability to recognize and solve problems.
•Analytical ability combined with good interpersonal and communication skillsDesirable criteria & qualifications•Offshore oil and gas experience
•Experience working in a Joint Venture environment
•Membership of a relevant professional bodyRelocation availableNoTravel requiredYes - up to 25%Is this a part time position?NoAbout BPOur business is the exploration, production, refining, trading and distribution of energy. This is what we do, and we do it on a truly global scale. With a workforce of 80,000 employees, BP operates with business activities and customers in more than 80 countries across six continents. Every day, we serve millions of customers around the world. We are continually looking for talented, committed and ambitious people to help us shape the face of energy for the future.

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