Cost engineer lead

The role is responsible providing cost management leadership; ensuring the integrity and effectiveness of cost management and management of change; continuously improving the cost management strategy, plans and procedures; and satisfying BP requirements and the expectations of customers.

What you will deliver

Responsible to lead and handle day to day functioning of the Cost Engineers team in TSI for Site Projects portfolio Identify key cost management expectations, reporting, performance management, and cost management plans in setting up integrated delivery models with contractors from TSI Be responsible for the technical cost management onboarding for new team members in the cost team Help find opportunities for Cost discipline improvements and lead standardisation initiatives Support the global controls vision and lead key cost discipline initiatives for TSI This role is encouraged to be a working lead, supporting delivery of global cost management activities as required, includes but not limited to: Support the preparation and implementation of the work breakdown structure (WBS); ensuring understanding of the broader scope across all project stages. Support the set-up of appropriate control budgets from the project estimate and schedule, ensuring full understanding of estimate basis, scope, schedule, contracting strategy and execution plannings. Support the overall organizational change (trending and Mo C) process; ensuring it is rigorously applied to all changes and that impacts are fully assessed and incorporated into project cost forecasts, project plans and budgets. Ensure that data collected from project teams and contractors (progress, changes, and risks) is used to underpin the cost forecast assumptions, phasing and control budgets. Support the cost related communication plans, interfaces and the reporting system that provides the leadership team and partners with timely analysis and insights for all work scope. Closely monitor cost performance against realistic targets to ensure that objectives and key performance indicators are met. Helping in identify risks and cost reduction opportunities and uncertainties. Prepare final cost reports and financial closeout documentation, reconciliations, and reports Adhere to the principles outlined in the project controls governing documents. Supports project cost control training to non-practitioners Performs assurances in accordance with the projects common process Supports the evaluation of projects against internal and external metrics and benchmarks to demonstrate the competitiveness of the project Supports project FEL assessments