At a Glance
- Tasks: Manage project costs, budgets, and financial reporting for digital transformation projects.
- Company: Join a leading Defence organisation with a focus on innovation and excellence.
- Benefits: Competitive daily rate, flexible working options, and opportunities for professional growth.
- Other info: Work in a dynamic environment with a strong emphasis on collaboration and compliance.
- Why this job: Play a crucial role in shaping the financial success of impactful projects.
- Qualifications: Experience in cost management, budgeting, and financial forecasting is essential.
The predicted salary is between 90000 - 100000 £ per year.
Role: Project Cost Engineer
Clearance: Active SC Clearance (mandatory)
Primary Location: Bristol
Secondary Location: Andover
Rate: £450 per day – Outside IR35
A strong Cost Engineer should demonstrate end-to-end ownership of programme cost management, including estimating, forecasting, cost control, and financial assurance within large-scale Defence or HMG programmes. Experience supporting Full Business Cases (FBCs) and aligning cost models to HM Treasury Green Book principles, with clear evidence of linking cost to schedule, risk, and benefits. Hands-on experience with cost modelling, EVM (Earned Value Management), and financial forecasting, alongside integration with risk (QRA) and schedule (SRA) to provide cost-risk insights. Experience operating in multi-supplier environments, understanding commercial constructs and cost drivers, and providing decision support to SROs and Programme Boards. Should be confident in challenging assumptions, managing cost baselines and variances, and producing clear, accurate reporting to senior leadership and governance forums.
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.
Project Cost Engineer employer: Infoplus Technologies UK Limited
As a Project Cost Engineer in Bristol, you will join a dynamic team dedicated to delivering large-scale Defence programmes with a strong emphasis on financial integrity and collaboration. Our company fosters a culture of continuous improvement and professional development, offering opportunities for growth through hands-on experience and mentorship in cost management practices. With competitive rates and a commitment to work-life balance, we provide an environment where your contributions are valued and recognised.
Contact Details:
Infoplus Technologies UK Limited Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Project Cost Engineer
✨Tip Number 1
Network like a pro! Reach out to your connections in the defence sector and let them know you're on the hunt for a Project Cost Engineer role. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by brushing up on your cost management skills. Be ready to discuss your experience with cost estimation, forecasting, and EVM. Show them you can handle the financial side of projects like a champ!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and expertise. Use our website to find roles that match your skills in cost control and risk analysis. Tailor your approach to each company’s culture and needs.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. Mention something specific from your conversation to show you were engaged and are genuinely interested in the role.
We think you need these skills to ace Project Cost Engineer
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Project Cost Engineer role. Highlight your experience with cost management, financial forecasting, and any relevant projects you've worked on. We want to see how your skills align with our needs!
Showcase Relevant Experience:When writing your application, focus on your hands-on experience with cost modelling and EVM. Share specific examples of how you've managed budgets and provided insights into variances. This will help us understand your expertise in the field.
Be Clear and Concise:Keep your application clear and to the point. Use bullet points where possible to make it easy for us to read. Remember, we appreciate straightforward communication, especially when it comes to complex topics like cost control and reporting.
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining the StudySmarter team!
How to prepare for a job interview at Infoplus Technologies UK Limited
✨Know Your Numbers
As a Project Cost Engineer, you’ll need to demonstrate your expertise in cost estimation and financial forecasting. Brush up on your knowledge of cost models and be ready to discuss how you've applied them in past projects. Be specific about the figures and outcomes you've achieved.
✨Understand the Bigger Picture
Make sure you’re familiar with HM Treasury Green Book principles and how they relate to cost management. Be prepared to explain how you’ve linked costs to schedules, risks, and benefits in previous roles. This shows that you can think strategically and understand the broader implications of your work.
✨Showcase Your Collaboration Skills
Collaboration is key in this role, so come armed with examples of how you’ve worked with project managers, engineers, and stakeholders. Highlight any experiences where you’ve successfully navigated multi-supplier environments or managed cost-related discussions with senior leadership.
✨Be Ready to Challenge Assumptions
A strong Cost Engineer isn’t afraid to question assumptions and manage variances. Prepare to discuss situations where you’ve had to challenge the status quo or provide insights that led to better decision-making. This will demonstrate your confidence and analytical skills.
