Project Cost Engineer
Posted 5 days ago by Response Informatics
Negotiable
Outside
Undetermined
City Of Bristol, England, United Kingdom
Summary: The Project Cost Engineer role involves developing and maintaining detailed cost estimates for digital transformation projects, ensuring effective budget management, and implementing cost control measures. The position requires collaboration with various stakeholders to monitor financial performance and adherence to regulations. The ideal candidate will possess relevant experience in cost engineering within complex sectors such as defence or aerospace. Active SC Clearance is mandatory for this contract position based in Bristol, UK.
Key Responsibilities:
- Develop and maintain detailed cost estimates for all phases of digital transformation projects.
- Collaborate with project managers, engineers, and stakeholders to establish realistic budgets.
- Monitor project budgets and expenditures, ensuring alignment with financial objectives.
- Prepare cost forecasts and provide insights into potential variances.
- Implement cost control measures to manage project financial performance effectively.
- Generate detailed cost reports and provide regular updates to project stakeholders.
- Identify and analyze cost risks and variances, recommending mitigation strategies as needed.
- Conduct sensitivity analyses to evaluate the financial impact of project changes.
- Work closely with procurement teams, contractors, and suppliers to ensure cost efficiency.
- Serve as the primary point of contact for cost-related queries and discussions.
- Ensure adherence to defence financial regulations and reporting standards.
- Maintain accurate and comprehensive documentation of cost management activities.
Key Skills:
- Bachelor’s degree in engineering, Finance, or a related field.
- Professional certifications (e.g., CCP, PMP, or AACE) are advantageous.
- Proven experience in cost engineering, project controls, or financial management within defence, aerospace, or similarly complex sectors.
- Familiarity with defence-specific cost management standards and practices.
- Proficiency in cost estimation tools and financial software.
Salary (Rate): undetermined
City: Bristol
Country: United Kingdom
Working Arrangements: undetermined
IR35 Status: outside IR35
Seniority Level: undetermined
Industry: Other
Job Title: Project Cost Engineer
Primary Location: Bristol, UK
Secondary Location: Andover, UK
Job Type: Contract – Outside IR35
Clearance: Active SC Clearance (mandatory)
Job Description:
Key Responsibilities
- Cost Estimation and Planning: Develop and maintain detailed cost estimates for all phases of digital transformation projects. Collaborate with project managers, engineers, and stakeholders to establish realistic budgets.
- Budget Management: Monitor project budgets and expenditures, ensuring alignment with financial objectives. Prepare cost forecasts and provide insights into potential variances.
- Cost Control and Reporting: Implement cost control measures to manage project financial performance effectively. Generate detailed cost reports and provide regular updates to project stakeholders.
- Risk and Variance Analysis: Identify and analyze cost risks and variances, recommending mitigation strategies as needed. Conduct sensitivity analyses to evaluate the financial impact of project changes.
- Collaboration and Communication: Work closely with procurement teams, contractors, and suppliers to ensure cost efficiency. Serve as the primary point of contact for cost-related queries and discussions.
- Governance and Compliance: Ensure adherence to defence financial regulations and reporting standards. Maintain accurate and comprehensive documentation of cost management activities.
Qualifications and Experience
Education: Bachelor’s degree in engineering, Finance, or a related field. Professional certifications (e.g., CCP, PMP, or AACE) are advantageous.
Experience: Proven experience in cost engineering, project controls, or financial management within defence, aerospace, or similarly complex sectors. Familiarity with defence-specific cost management standards and practices.
Technical Skills: Proficiency in cost estimation tools and financial