About the job Lead Cost Engineer
To
lead a team of cost engineers and cost engineering activity set for the Marine
& Subsea programme of work. Ensure timely and high-quality delivery against
cost control activities. To provide single point functional cost engineering
interface between the project teams in Baku and the Central Cost Team.
Lead the M&S Cost Team
Provide day-to-day leadership for the cost team, managing and maintaining appropriate resource levels, energising and developing a diverse group of BP and managed service staff across multiple locations.
Support Project Leadership Team to provide accurate cost information by maintaining alignment of cost reporting and forecasting. Manage the Monthly (SCRM), Quarterly (QPF) and 6 monthly Master Control Estimate (MCE) cost process. Work with planning engineers, project delivery managers and the central cost team to understand and explain variances against previous submissions.
HSE
Demonstrate HSE leadership by actively engaging the BP site teams and contractors with actions that contribute to delivering on BP’s HSE expectations
Plans & Procedures
Develop and/or update project cost control procedures based on standard BP Cost Engineering Procedure and reflecting both BP, and contractor roles and responsibilities. Ensure compliance with financial and business and project processes.
Cost Control
Ensure the preparation and development of appropriate control budgets from the project estimate. Prepare cost data including but not limited to budgets, commitments, value of work done, forecasting, reporting and analysis. Work with cost control tools including BP cost database system, project management of change, risk register. Ensure verification of weekly labour calculation. Review and verify the contractor’s monthly report. Ensure correct coding of all requisitions, purchase orders, contracts, invoices, estimates, and ensuring these are updated and maintained in the BP cost database. Prepare and review monthly value of work done forecasts for sign-off by Budget Holder and manage in quarter, in year and full-cycle forecasting accuracy.
Interfaces with PSCM and Finance functions
Work with the Project Controller and Finance function to ensure adequate financial controls. Assist PSCM and Finance in the verification of contractor and supplier invoices for payment; assist PSCM in the development and negotiation of payments, input to CTR’s, etc.
Project Management of Change
Risk Management
Provide cost input to and implement the cost element of risk management plan. Make recommendations to identify or mitigate risks and communicate these to the management team. Maintain a register of cost risks and ensure that this is regularly updated based on the latest information from the teams. Use the cost risks register as a primary source for producing trended forecasts from current cost forecast baselines or control budgets – both phased (monthly, quarterly, annual) and full-cycle
Reporting
Developing and issuing reports to appropriate stakeholders, including partner reports. Provide cost input to monthly reports, dashboards, partner reports as required. Respond to requests for data, data analysis, tools, presentation materials, etc.