About the Role
This role involves providing essential cost forecasting and management support to project management and stakeholders, ensuring budget control throughout the project lifecycle. You will contribute to informed decision-making by performing cost analysis and developing robust cost control systems and processes.
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Primary Objectives / Responsibilities
- Provide accurate cost forecasts to Project Management and stakeholders based on project scope, approved budgets, commitments, and actual expenditures.
- Support decision-making by providing cost analysis, forecasting, and recommendations for corrective cost control actions.
- Prepare and maintain weekly and monthly cost management reports according to established procedures and project requirements.
- Monitor project costs, commitments, and expenditures to ensure effective budget control throughout the project lifecycle.
- Develop and maintain robust cost control systems, processes, and reporting mechanisms.
- Support continuous improvement initiatives within Project Controls to enhance cost management effectiveness and efficiency.
Specific Accountabilities
- Demonstrate a comprehensive understanding of the OneWay™ framework and promote it to support Zero Harm Behaviour.
- Establish and maintain effective budget control via Work Breakdown Structures (WBS) and Cost Breakdown Structures (CBS).
- Allocate and monitor budgets to establish effective baselines for measuring project performance.
- Provide effective commitment control by managing commitments against approved budgets and ensuring funding availability.
- Deliver accurate Forecast at Completion (FAC) assessments based on commitments, expenditures, trends, and anticipated costs.
- Facilitate change management through impact assessments of scope, schedule, and cost changes against approved baselines.
- Maintain cost accounting controls, ensuring invoices and expenditures remain within approved commitments and budgets.
- Promote a cost-conscious culture across project teams.
- Analyze project cost performance, identifying trends, risks, and improvement opportunities.
- Support project reporting requirements with accurate and timely cost data analysis.
- Assist the Project Controls Team Lead with additional activities supporting the Project Controls function as required.
Essential Skills and Experience
- Bachelor’s Degree in Engineering, Quantity Surveying, Finance, Construction Management, or a related discipline.
- Minimum 8 years of experience within the Oil & Gas, Energy, Infrastructure, or Industrial sectors.
- Minimum 4 years of experience in a lead or supervisory role managing Cost Engineers or Project Controls personnel.
- Minimum 5 years of experience in Brownfield project delivery environments.
- Proven experience in cost control, cost estimating, project scheduling, forecasting, and risk management.
- Experience in earned value management (EVM), cost forecasting, and contingency management.
- Experience working within multidisciplinary project teams and in multicultural environments.
- Experience managing EPCM projects.
Required Competencies
- Strong knowledge of cost management, forecasting, budgeting, and project controls principles.
- Proficiency in project controls and cost management software, including advanced Microsoft Excel and other reporting tools.
- Experience using project management, ERP, financial, and project controls systems.
- Strong understanding of Work Breakdown Structures (WBS), Cost Breakdown Structures (CBS), and cost reporting methodologies.
- Understanding of commercial contract requirements and their application to project cost management.
- Ability to interface effectively with project teams to develop project forecasts and analyze performance.
- Experience in earned value analysis, productivity measurement, risk analysis, and contingency forecasting.
- Strong analytical, problem-solving, and reporting skills.
- Self-motivated with the ability to work independently and manage competing priorities.
- Ability to prepare and deliver presentations to internal and external stakeholders.
- Ability to develop and improve cost management processes, procedures, and reporting methodologies.
Benefits and Culture
The organization seeks to energize and empower its workforce, fostering a values-inspired culture that promotes belonging, connection, and innovation. With a commitment to diversity, inclusivity, and respect, the workplace aims to create an environment where everyone feels they belong and can thrive. Potential employees are encouraged to explore diverse opportunities and contribute to delivering sustainable change in the energy sector.
