Project Cost Engineer

Role: Project Cost Engineer

Clearance: Active SC Clearance (mandatory)

Primary Location: Bristol

Secondary Location: Andover

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

…