Cost Management Specialist

Cost Management Technician

Freeport, TX

Acts as a technical resource for Cost Management for projects and maintenance activities. Supports establishment of the overall cost baseline with reporting to monitor and control the project or turnaround within established tolerances of the baseline. Coordinates data inputs from the various disciplines and functions to ensure accurate forecasts and reporting of cost. Engages the project steering team to understand causes of deviations from tolerances, if any, and the need to establish actions to mitigate. Requires broadened technical skills in analytical scientific methods or operational processes to perform a defined array of activities. May act as an informal resource for team members with less experience.

Responsibilities Duties

Integrates the project cost estimate, workhour estimate, and project schedule into the Cost Management baseline.

Establishes work breakdown structure based upon work process norms and execution strategy.

Develops and maintains cost reports, cash flow cancellation curves, and contingency analyses.

Provides estimate of cancellation costs.

Estimates costs of deviations and assesses impact on total project cost.

Ensures accurate reflection of committed spent funds, project deviation notices, field change orders, and project execution changes in all cost documents.

Leads the project team in deriving an accurate and realistic forecast of all funds required to complete the project within the defined budget and schedule while incorporating own trending and analyses.

Ensures accurate representation of cost data and cost forecast in monthly reporting.

Alerts the project team to critical Cost Management issues.

Provides supporting data for project execution metrics, external benchmarking and project closure.

Experience

Short-Cycle Tertiary Degree (i.e. Associate's Degree) plus cost management, manufacturing or other related experience preferred. In lieu of degree, equivalent years of experience required.