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Cost Engineer

Pace Advisory Ltd
Posted 16 days ago, valid for a month
Location

London, Greater London WC2N 5DU, England

Salary

not provided

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Contract type

Full Time

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Sonic Summary

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  • Cost Engineers are essential in managing cost performance reporting for significant projects, focusing on Earned Value Management (EVM) metrics.
  • Responsibilities include developing cost control data structures, monitoring costs, managing project accruals, and providing project forecasts like Estimated Costs to Complete (ETC).
  • The role also involves overseeing change control processes and tracking project contingency funds related to risks.
  • Candidates are expected to have relevant experience, although the specific number of years required is not mentioned in the job description.
  • The position offers a hybrid working environment with a commitment to diversity and inclusion, highlighting the company's values.

Cost Engineers play a crucial role in supporting significant projects and organizations by delivering precise and prompt information on performance in relation to the project baselines. In this position, you will be responsible for managing cost performance reporting for the project, including all Earned Value Management (EVM) metrics associated with critical project commitments and expenditures.


Key Responsibilities:

  • Develop and implement data structures for cost control to ensure accurate tracking and monitoring of actual costs.
  • Set up and define the project control budget in alignment with established baselines.
  • Monitor internal and external costs against the established cost control frameworks.
  • Manage project accruals and commitments to ensure they remain within budget constraints.
  • Develop project forecasts, including Estimated Costs to Complete (ETC) and Estimate at Completion (EAC).
  • Provide timely and precise reporting on all project metrics, including Earned Value Management.
  • Track project contingency funds and exposures linked to identified risks and any remaining uncertainties.
  • Oversee project change control processes to ensure consistency with agreed baselines and control frameworks.
  • Monitor key project trends to provide insights that may inform future change controls.

Why join our client?

Elevate your career to new heights in an environment that values your expertise and dedication. Enjoy the flexibility of hybrid working while engaging in challenging, rewarding work that makes a difference.


Commitment to Diversity:

PACE is proud to be an Equal Opportunity Employer. We are committed to fostering a diverse workplace and have taken steps to become Disability Confident Committed. We welcome applications from all qualified individuals, regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or any other status protected by law. Our culture is one where your strengths and unique perspectives are valued. Join us in a workplace where everyone can thrive.

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In order to submit this application, a TotalJobs account will be created for you. As such, in addition to applying for this job, you will be signed up to all TotalJobs’ services as part of the process. By submitting this application, you agree to TotalJobs’ Terms and Conditions and acknowledge that your personal data will be transferred to TotalJobs and processed by them in accordance with their Privacy Policy.