About the Role
This position is responsible for conducting Project Cost Optimization Reviews and studies. The role focuses on providing recommendations based on these reviews to assist group companies in delivering efficient projects with optimized costs and maximum value. A key aspect of this role involves communicating major recommendations to top management within relevant directorates.
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Key Accountabilities
Job Specific:
- Evaluate engineering options provided for projects due for Project Cost Optimization Studies.
- Ensure the implementation of the latest technologies and best engineering solutions while coordinating with stakeholders, such as heads of disciplines within the function and engineers within group companies.
- Coordinate with Group Companies to prepare an annual plan for cost optimization studies.
- Review engineering and cost documents submitted by the Project Management Team (PMT).
- Prepare a clarification list prior to the start of the optimization session.
- Conduct preparation meetings with stakeholders from group companies and the company.
- Summarize main engineering findings based on documents submitted prior to the review.
- Take notes during optimization sessions based on engineering data provided.
- Prepare the Cost Optimization Review study report and provide comments as required.
- Stay updated on the latest engineering solutions, software, and technologies.
- Communicate findings to management and prepare necessary reports and presentations.
- Review and provide content in Cost Optimization Review reports and related publications.
- Ensure communication of findings with relevant directorates to assess the feasibility of applying cost optimization options and recommendations.
- Prepare memos on major findings for communication with directorate executives and top management.
- Provide lessons learned and best practices based on cost optimization reviews and recommendations.
- Continuously improve cost optimization reviews and sessions to enhance resilience and efficiency.
- Explore various factors such as AI, new technologies, and sustainability to ensure comprehensive optimization.
Generic:
Supervision
- Plan, supervise, and coordinate all activities in the assigned area to achieve functional objectives.
- Train and develop assigned staff in relevant skills to promote proficiency and achieve section objectives.
Budgets
- Provide input for the preparation of Function/Division/Department/Section budgets; assist in implementing approved budgets to meet objectives.
- Investigate significant variances to support effective performance and cost control.
Policies, Systems, Processes & Procedures
- Implement approved policies, processes, systems, standards, and procedures in line with company and international standards.
Performance Management
- Contribute to achieving approved performance objectives in line with the company performance framework.
Innovation and Continuous Improvement
- Design and implement new tools and techniques to improve the quality and efficiency of operational processes.
- Identify improvements in internal processes against best practices to enhance efficiency and develop intelligent solutions for departmental challenges.
Health, Safety, Environment (HSE) and Sustainability
- Comply with relevant HSE policies, procedures, controls, applicable legislation, and sustainability guidelines per international standards and best practices.
Reports
- Provide inputs to prepare progress reports for function/division/department management.
Communication & Working Relationship
Internal:
- Vice President, Group Engineering
- Heads of Disciplines within the division
- Cost estimation teams in Group Companies
- Other divisions within the company, including Upstream, Downstream, and TEO
External:
- Shareholders, counterparts, and members of the company Group as required
- Local and international vendors, contractors, and third-party service providers
Qualifications, Experience, Knowledge & Skills
Minimum Qualification
- Bachelor’s degree in engineering
Minimum Experience & Knowledge & Skills
- 15 years of experience in project management and engineering
- Fully conversant with ongoing technological advancements in Engineering
- Strong leadership, people management, planning, cost control, influencing, interpersonal, and communication skills
- Good coaching skills
- Proficient command of English
- Solid knowledge of computer applications
Professional Certifications
Core / Technical Skills
- Risk Assessment and Management (L4)
- Market Trends and Industry Information Research (L3)
- Stakeholder Management (L4)
- Project Management (L3)
- Project Planning and Scheduling (L4)
- Contractor Performance Management (L4)
- Projects Quality Assurance (L2)
- Stakeholder Management for Capital Projects (L3)
- Project Risk Management (L2)
- Resource Allocation and Management (L4)
- Cost Reduction Strategies and Initiatives (L4)
- Costing and Job Costing Analysis (L4)
- Cost Management and Financial Efficiency (L3)
- Financial Performance Optimization Strategies (L4)
- AI Fluency (L3)
- AI-Driven Process Optimization (L4)
- Intelligent Data Interpretation (L4)
