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- Tasks: Lead cost management for strategic projects and ensure best practices are followed.
- Company: Join a dynamic team focused on large-scale energy projects and innovative solutions.
- Benefits: Enjoy opportunities for professional growth, training, and a collaborative work environment.
- Why this job: Make a real impact in project performance while developing your leadership skills.
- Qualifications: Bachelor's degree in finance or related field; experience in cost management is essential.
- Other info: Familiarity with SAP and PowerBI is a plus; be part of a forward-thinking organization.
The predicted salary is between 43200 - 72000 £ per year.
We are looking to source a Cost Management Lead who will serve as the technical expert in cost management across a strategic portfolio of projects. Reporting to the Strategic Portfolio PMO Lead, you will own and maintain cost management processes, templates, and tools, including Earned Value Management (CPI) and the Cost Breakdown Structure. You will support contingency management, oversee cost engineering personnel, and ensure consistent application of best practices throughout the portfolio.
Key Responsibilities
- Technical Leadership: Serve as the cost management expert across the strategic portfolio.
- Process Ownership: Develop, own, and maintain cost management processes, templates, and tools.
- Earned Value Management: Implement and manage Earned Value techniques (CPI) to monitor project performance.
- Cost Breakdown Structure: Maintain and update the Cost Breakdown Structure for the portfolio.
- Contingency Management: Support contingency planning and risk management activities.
- Team Support: Assist in recruiting and allocating Cost Engineers to various projects.
- Training and Development: Upskill Cost Engineers and ensure the consistent application of the cost management playbook.
- Governance Participation: Attend governance meetings as required, providing expert insights.
- Reporting: Generate cost presentations and provide consolidated cost reports for the portfolio, integrating with PowerBI reports.
- Control Accounts: Define control accounts for project delivery teams to monitor actual cost performance.
- System Maintenance: Maintain the cost management system, ensure data integrity, and support the transition to S4 HANA.
- Quality Assurance: Oversee and audit contractors\’ cost performance to ensure alignment with project objectives.
- Knowledge Transfer: Facilitate cross-project knowledge sharing and lessons learned in cost management.
Qualifications and Experience
- Bachelor’s degree in finance, Engineering, Project Management, or a related field.
- Extensive experience in cost management within large-scale projects, preferably in the energy sector.
- Proficiency with cost management software and tools (e.g., SAP, S4 HANA, PowerBI).
- Strong understanding of Earned Value Management techniques (CPI).
- Experience in developing and maintaining Cost Breakdown Structures.
- Proven ability to lead and mentor a team of Cost Engineers.
- Familiarity with risk management and contingency planning.
Cost Management Lead employer: Prism Connect
Contact Detail:
Prism Connect Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Cost Management Lead
✨Tip Number 1
Make sure to highlight your experience with Earned Value Management techniques during networking events or conversations. This will show that you understand the key responsibilities of the Cost Management Lead role and can bring valuable insights to the table.
✨Tip Number 2
Connect with professionals in the energy sector on platforms like LinkedIn. Engaging with industry experts can provide you with insider knowledge about the company culture and expectations, which can be beneficial when you apply.
✨Tip Number 3
Consider attending workshops or webinars focused on cost management tools like SAP or PowerBI. This not only enhances your skills but also demonstrates your commitment to staying updated in the field, making you a more attractive candidate.
✨Tip Number 4
If you have experience leading teams, prepare specific examples of how you've mentored others in cost management practices. This will help you stand out as a candidate who can effectively support and develop Cost Engineers within the organization.
We think you need these skills to ace Cost Management Lead
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in cost management, especially within large-scale projects. Emphasize your proficiency with relevant software like SAP and PowerBI, as well as your understanding of Earned Value Management techniques.
Craft a Strong Cover Letter: In your cover letter, express your passion for cost management and how your background aligns with the responsibilities outlined in the job description. Mention specific examples of your experience in developing cost management processes and leading teams.
Showcase Relevant Skills: Clearly outline your skills related to contingency management, risk management, and team support. Highlight any experience you have in training and mentoring Cost Engineers, as this is a key aspect of the role.
Prepare for Technical Questions: Be ready to discuss your technical expertise in cost management during the interview process. Prepare to explain your approach to implementing Earned Value techniques and maintaining Cost Breakdown Structures.
How to prepare for a job interview at Prism Connect
✨Showcase Your Technical Expertise
Be prepared to discuss your experience with cost management processes and tools. Highlight specific examples where you've successfully implemented Earned Value Management techniques and how they contributed to project performance.
✨Demonstrate Process Ownership
Discuss your approach to developing and maintaining cost management templates and processes. Share any innovative strategies you've used to enhance efficiency and accuracy in cost reporting.
✨Highlight Team Leadership Skills
Since the role involves mentoring Cost Engineers, be ready to share your leadership experiences. Talk about how you've supported team development and ensured best practices in cost management are consistently applied.
✨Prepare for Governance Discussions
Understand the importance of governance in cost management. Be ready to explain how you would contribute to governance meetings and provide insights that align with project objectives and risk management.
