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Date Added: Mon 28/06/2021

Project Cost Controller

Oxfordshire, UK
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Job Type: Permanent, FullTime

Would you like to be part of the solution to our the worlds energy production issues?
Due to our continued success in many of our divisions we are currently looking for a Cost Control engineer due to large expansions in many of our programmes.

Our facility is the worlds leading research facility nuclear fusion, with Nuclear fusion being considered the holy grail of energy production, We have various divisions of Research feeding into the objective to create energy production, our objective is to bring carbon neutral clean abundant energy to the world by 2040.

The purpose of this job is:

* To provide a cost focussed project controls service to programme and project managers to produce budgets at the early stages of a project or programme and produce monthly reports on earned value metrics for use at project, programme and portfolio level on a monthly basis;
* To alert Project Managers to financial trends and potential problems arising in their projects and to work with the planner and project manager to remediate;
* To provide subject matter expertise on cost management in a range of forums.

Accountabilities
* Working with the planner and project manager during the definition phase of the project to;
o Design the project set-up to yield meaningful earned value data through the project lifecycle to inform project reporting within UKAEA
o Define the cost breakdown structure so that cost is collected at the appropriate level and clearly maps to the work breakdown structure to facilitate earned value analysis
o Agree the cost breakdown structure with the management accountant for input into the corporate finance system
o Work closely with the lead planner to agree a robust methodology for capturing percent complete data and recording this within Primavera.
* Responsible for compiling detailed budgets for projects and programmes in excess of 20M ensuring that:
o The budget includes itemised labour resource estimates and itemised non-labour estimates;
o The budget includes an adequate risk provision where discrete risks have been identified and that these are itemised in the budget;
o The budget includes an appropriate degree of management reserve.
o A phased project budget is provided by gate 2 to inform the project management plan (PMP);
* From gate 2 onwards responsibilities include:
o Supplying the initial project budget to corporate finance as the financial baseline against which the project will be measured.
o Using the earned value data from Primavera and Unit 4 to monitor the progress of the project each month against the baseline budget;
o Gathering project estimate data from estimators and work package managers as estimates are refined through the project lifecycle and adding these to a version controlled project estimate;
o Calculate resource projections based on data from P6 (if required)
* To provide a monthly phased Estimate to Complete (ETC) for projects at month end and fully analyse the data by:
o Calculating earned value metrics and indices using ACWP data from Unit 4 and BCWS/BCWP data from Primavera;
o Discussing the trends revealed by the earned value metrics and indices with work package managers, agreeing any remedial action needed;
o Presenting the ETC and earned value data to the project manager and management accountant to allow full analysis and open communication as to the financial status of the project.
* Make final recommendations to planners and project managers on cost issues by:
o Putting in place remedial actions to resolve project issues (e.g. increases in cost at completion/delays, analysis of different phasing options etc);
o Making final recommendations to achieve project goals to time and budget by costing out different execution strategies, implementing change control and costing "what if scenarios";
* Contributing to producing monthly programme dashboards that detail earned value metrics by supplying formatted excel data sheets that can be read by Power BI each month
* Contributing to continual improvement in month end data flow at UKAEA

Specific Qualifications/Experience
* In-depth experience in cost accounting, budgeting and forecasting for projects and programmes ideally gained as a cost controller/cost engineer
* Able to present complex data in a simple manner, and to aid delivery professionals with understanding their data
* Excellent MS Excel skills and strong analytical skills
* Self-starter, highly motivated with a strong track record in previous roles who enjoys problem solving and improving working practices
* Experience in working with Primavera or another similar enterprise planning tool to obtain forecast data
* Degree in a scientific, mathematics or economics discipline preferable but not essential
* Project management qualification or membership of a relevant professional body (e.g. ACosteE) is desired but not essential

Rullion celebrates and supports diversity and is committed to ensuring equal opportunities for both employees and applicants
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