Practitioner Cost Engineer

Job Title: Practitioner Cost Engineer
Contract Type: Permanent
Location: Gloucestershire, England
Salary: Negotiable
Reference: J907847_1616755406
Contact Name: Andy Coppock
Contact Email:
Job Published: March 26, 2021 10:43

Job Description

The Cost Engineer is responsible for providing cost management support to the client's work portfolio and will monitor, control and forecast the costs during the Project lifecycle. The main focus will be to work with Project Managers to manage project costs and their integration with the management of risk, change and the schedule in accordance with company standards and processes.


  • Take ownership of the cost trackers for all workpacks across the programme.

  • Work with the Project Managers to ensure contracts and forecasts are effectively managed.

  • Report to Deputy Programme Manager in accountability meetings.

  • Control, monitor, analyse and report cost related aspects for designated projects within a Portfolio.

  • Implement the correct and appropriate cost management tool for the project in accordance with Central Technical Organisation (CTO) Programme Office processes/templates.

  • Assist in development and use of Project Control Structures (CBS, OBS, WBS etc.).

  • Understand the basis of the estimate.

  • Ensure all cost and contract transactions on a project are understood and managed in an appropriate way.

  • Ensure all variances to the cost baseline are communicated in a timely manner.

  • Ensure the necessary cost management interface is in place with Finance and ensure regular communications.

  • Active involvement in the change process, understanding the reasons for and factors influencing each change to the project's cost baseline plus the implications of such change.

  • Continually monitor Project Risk and Change status to maintain current forecast.

  • Review and understand, with the assistance of the Planning Engineer, the schedule progress and it's alignment to the Project Control Structure.

  • Liaise with Project team members and contractors with regards to progress and financial forecasting.

  • Update the Cost Tool to comply with Project Reporting Cycles.

  • Monitor, control and analyse the project cost information, identify variances and bring these to the attention of the Project Manager with possible alternatives. Prepare specific reports to facilitate challenge and analysis to meet the project's specific needs.

  • Challenge cost variances against the baseline plan with individual task leaders/contractors and/or outside stakeholder management as necessary to enable mitigation.

  • Contribute to progress meetings as required in support of the Project Manager.

  • Regular interfacing and integration with the project Planning Engineer to maintain an aligned financial position with the project Primavera plan.

  • Contribute to the drafting and updating of Project Documents (PDD, IRM papers etc.) to ensure that they contains the project Scope of Work, KPI's, payment milestones and the methodology for controlling the project schedule, costs and variances etc.

  • Contribute to Lessons Learnt process throughout the Project lifecycle.

You will have a breadth of experience across whole project and programme lifecycle (e.g. Engineering, Procurement, Construction, Installation/Commissioning processes), preferably in a highly regulated environment. Nuclear experience would be beneficial.


  • High level of numeracy and excellent analytical skills.

  • Excellent MS Office skills and well versed in the preparation of reports and information using packages such as Word, Excel and PowerPoint.

  • Exhibits a strong awareness of the level of interaction required with the project team function to support the successful delivery of projects.

  • Breadth of experience across whole project and programme lifecycle. (e.g. Engineering, Procurement, Construction, Installation/Commissioning processes).

  • The ability to reconcile cost information as it applies to the programmes of work.

  • Proficient in the use of estimating, scheduling, programming and risk tools.

  • Knowledge of Earned Value Analysis.

  • Excellent communication and presentational skills.

  • Ability to work flexibly within the demands of the project.

  • Good working knowledge of financial systems.

  • Reconcile cost information as it applies to the programmes of work.

  • Proficient in the use of estimating, scheduling, programming and risk tools.


  • Experience in Project Controls and/or Project Delivery, preferably in a highly regulated environment.

  • Evidence of strong engineering background, ideally within a safety/regulated environment .


  • Minimum of HNC/HND ideally in a cost related discipline or relevant experience.

  • MACostE desirable.

Important Information: We endeavour to process your personal data in a fair and transparent manner. In applying for this role, Russell Taylor will be acting within your interest and will contact you in relation to the role, either by email, phone or text message. For more information see our Privacy Policy h t t p s : / / w w w . r u s s e l l - t a y l o r . c o . u k / p r i v a c y - p o l i c y on our website. It is important you are aware of your individual rights and the provisions the company has put in place to protect your data. If you would like further information on the policy or the GDPR please contact us on h r @ r u s s e l l - t a y l o r . c o . u k