Due to increased opportunities and demand in the Energy & Natural Resources division, the Energy & Natural Resources team are recruiting Project Managers to join a diverse and supportive team during a period of significant growth. Our nuclear client is at the forefront of industry leading change, and we are keen to speak to individuals with project management experience to see what Turner & Townsend can offer you. Candidates will be required to be present in our client office in Ayrshire for 3 days per week.
MAIN PURPOSE OF ROLE
As a Cost Engineer, you will be responsible for delivering cost management and cost control services across projects of varying size and complexity. You will support the establishment and maintenance of robust project controls processes, ensuring accurate reporting of project performance against approved baselines.
You will understand the relationship between cost, schedule, risk, change and scope, providing accurate financial and performance data that enables effective project governance and decision-making. You will play a key role in maintaining project control, identifying trends, managing risks and opportunities, and supporting continuous improvement throughout the project lifecycle.
Key Accountabilities
Cost Management & Control
- Implement, maintain and continuously improve project cost control systems, processes and procedures.
- Develop and maintain Cost Breakdown Structures (CBS) and align them with Work Breakdown Structures (WBS).
- Support the development and maintenance of project budgets, cost plans and forecasts.
- Monitor, control and report project commitments, accruals, expenditure and forecast costs.
- Ensure accurate cost capture through effective alignment of Purchase Orders (POs), Work Orders (WOs) and cost management structures.
- Validate and interrogate contractor and supply chain cost data to improve forecasting accuracy and reporting quality.
- Lead the production and management of project accruals to ensure accurate cost reporting.
- Conduct cost variance analysis, root cause analysis and trend reporting, providing recommendations and recovery actions where appropriate.
- Support project teams in understanding project performance and forecast outcomes.
Earned Value & Performance Management
- Apply Earned Value Management (EVM) techniques to assess and report project performance.
- Support the establishment and maintenance of Performance Measurement Baselines (PMB).
- Integrate cost and progress information to provide meaningful project performance metrics.
- Produce cost performance reports, forecasting updates and management information for project and programme leadership teams.
- Support project performance reviews and governance meetings.
Forecasting, Change & Governance
- Lead forecast review activities and provide accurate Estimate to Complete (ETC) and Estimate at Completion (EAC) reporting.
- Support the preparation of baseline change proposals, investment decision documentation and business case updates.
- Provide cost input into project change management processes and change assessments.
- Ensure project controls activities are delivered in accordance with established governance processes, standards and procedures.
- Promote adherence to project controls frameworks and assurance requirements across the project lifecycle.
- Support analysis of current and historical project data to improve future estimating and forecasting activities.
Stakeholder & Supply Chain Management
- Work collaboratively with Project Managers, Project Controls teams, Commercial teams and Supply Chain stakeholders.
- Liaise with contractors and suppliers to understand cost variances, improve forecasting accuracy and support effective cost control.
- Present cost performance information, forecasts and recommendations to project stakeholders and senior leadership.
- Challenge assumptions and cost estimates where appropriate, ensuring the integrity of project baselines and forecasts.