Project Services Cost Lead
Required Skills
Job Description
**Role Summary:**
The Project Services Cost Lead (Lead Cost Engineer) provides cost engineering leadership for major capital projects across Facilities and project portfolios, accountable for establishing and maintaining cost baselines/control budgets, commitments, actuals, accruals (VOWD), and forecasts (ETC/EAC/FTC) from FEL through closeout. The role integrates cost, schedule, and risk insights to deliver decision\-ready reporting, leads close and reconciliation routines with Accounting/Finance, supports disciplined change control, and interfaces with Project Management, Engineering, Construction, Supply Chain, IT/system owners, and EPC/contractors. The position also supports implementation of Omega 365, including governance\-ready reporting packs, cutover and hypercare support, data ownership (RACI), and KPI\-based data quality and adoption controls.
**Key Responsibilities**
* Develop and maintain the project cost baseline/control budget for Facilities and Pipeline major projects, aligned to approved AFE scope, WBS/CBS, estimate basis, and contract strategy.
* Establish and govern cost coding structures (WBS/AFE/cost elements) and reporting standards to enable consistent rollups across projects and portfolio views.
* Own cost performance management for assigned projects: commitments, actuals, accruals/VOWD, estimate\-to\-complete (ETC), estimate\-at\-completion (EAC), and forecast\-to\-complete (FTC), with traceability between baseline, current, and forecast.
* Lead monthly cost close routines and reconciliations (Accounting/Finance): validate accruals, confirm costs reflect work performed (not invoice timing), reconcile source systems, and maintain audit\-ready documentation.
* Partner with GOA Operations to support turnover/handover readiness and cost closeout: align on operability/maintainability inputs, validate cost impacts of operations\-driven requirements, and ensure closeout documentation supports transition to operations.
* Develop time\-phased forecasts and cash flow projections (including partner cash calls where applicable); identify funding risks, trends, and EAC drivers; recommend corrective and recovery actions.
* Perform cost variance and trend analysis against baseline and prior forecasts; produce concise narratives explaining drivers (scope, productivity, quantities, rates, market escalation, execution changes) and quantify remaining risk exposure.
* Support change management and claims/avoidance: evaluate cost impacts, maintain change logs, validate contractor change orders, and ensure approved changes are incorporated into budgets and forecasts.
* Validate EPC/contractor cost reports, progress claims, and backup documentation; ensure alignment to contract terms, payment milestones, and agreed coding and reporting requirements.
* Coordinate with Supply Chain to manage commitments and contract exposure (POs, contracts, change orders), and with Engineering/Construction to validate progress measurement and remaining work.
* Integrate cost and schedule insights with Planning (P6\) and Risk Management to improve forecast accuracy, establish early\-warning indicators, and support scenario planning.
* **Omega 365 implementation \& governance**: support solution design and rollout for cost management and establish governance\-ready reporting and controls, including:
+ Define required structures and workflows, reporting packs and narratives, and audit/traceability requirements.
+ Lead data readiness (WBS/AFE mapping, data cleansing), pilot loading, and reconciliation.
+ Coordinate SIT/UAT and role\-based training.
+ Develop and execute cutover plans (data freeze/cut\-off rules, cutover checklists, communications, and go\-live readiness).
+ Support hypercare stabilization with triage, defect prioritization, and release planning.
+ Establish data ownership and RACI (data stewards, approvers, and system admins) and BAU operating model/runbooks (owners, cadence, controls, exception handling).
+ Define and track KPIs (data quality, close timeliness, reconciliation exceptions, user adoption) with ongoing governance routines.
* **Cost controls documentation \& governance artifacts**: prepare and maintain cost control documentation (cost basis/narratives, assumptions and constraints log, change and trend logs, reconciliation sign\-offs, meeting minutes/action registers) and ensure controlled handoffs for approvals, baselines/forecasts, and closeout archives to keep cost deliverables audit\-ready.
* **System integration stewardship**: partner with IT, system owners, and the Omega 365 implementation team to define, test (SIT/UAT), and stabilize integrations and reconciliations (e.g., P6, COUPA, BOLO, EFM, SiteView/WellView, and OneStream if applicable), including refresh cadence, cut\-off rules, mapping logic, reconciliation packs, and data quality controls.
* Coach and mentor cost engineers/analysts; standardize templates, dashboards, and reporting packs; capture lessons learned to impro
The Project Services Cost Lead (Lead Cost Engineer) provides cost engineering leadership for major capital projects across Facilities and project portfolios, accountable for establishing and maintaining cost baselines/control budgets, commitments, actuals, accruals (VOWD), and forecasts (ETC/EAC/FTC) from FEL through closeout. The role integrates cost, schedule, and risk insights to deliver decision\-ready reporting, leads close and reconciliation routines with Accounting/Finance, supports disciplined change control, and interfaces with Project Management, Engineering, Construction, Supply Chain, IT/system owners, and EPC/contractors. The position also supports implementation of Omega 365, including governance\-ready reporting packs, cutover and hypercare support, data ownership (RACI), and KPI\-based data quality and adoption controls.
**Key Responsibilities**
* Develop and maintain the project cost baseline/control budget for Facilities and Pipeline major projects, aligned to approved AFE scope, WBS/CBS, estimate basis, and contract strategy.
* Establish and govern cost coding structures (WBS/AFE/cost elements) and reporting standards to enable consistent rollups across projects and portfolio views.
* Own cost performance management for assigned projects: commitments, actuals, accruals/VOWD, estimate\-to\-complete (ETC), estimate\-at\-completion (EAC), and forecast\-to\-complete (FTC), with traceability between baseline, current, and forecast.
* Lead monthly cost close routines and reconciliations (Accounting/Finance): validate accruals, confirm costs reflect work performed (not invoice timing), reconcile source systems, and maintain audit\-ready documentation.
* Partner with GOA Operations to support turnover/handover readiness and cost closeout: align on operability/maintainability inputs, validate cost impacts of operations\-driven requirements, and ensure closeout documentation supports transition to operations.
* Develop time\-phased forecasts and cash flow projections (including partner cash calls where applicable); identify funding risks, trends, and EAC drivers; recommend corrective and recovery actions.
* Perform cost variance and trend analysis against baseline and prior forecasts; produce concise narratives explaining drivers (scope, productivity, quantities, rates, market escalation, execution changes) and quantify remaining risk exposure.
* Support change management and claims/avoidance: evaluate cost impacts, maintain change logs, validate contractor change orders, and ensure approved changes are incorporated into budgets and forecasts.
* Validate EPC/contractor cost reports, progress claims, and backup documentation; ensure alignment to contract terms, payment milestones, and agreed coding and reporting requirements.
* Coordinate with Supply Chain to manage commitments and contract exposure (POs, contracts, change orders), and with Engineering/Construction to validate progress measurement and remaining work.
* Integrate cost and schedule insights with Planning (P6\) and Risk Management to improve forecast accuracy, establish early\-warning indicators, and support scenario planning.
* **Omega 365 implementation \& governance**: support solution design and rollout for cost management and establish governance\-ready reporting and controls, including:
+ Define required structures and workflows, reporting packs and narratives, and audit/traceability requirements.
+ Lead data readiness (WBS/AFE mapping, data cleansing), pilot loading, and reconciliation.
+ Coordinate SIT/UAT and role\-based training.
+ Develop and execute cutover plans (data freeze/cut\-off rules, cutover checklists, communications, and go\-live readiness).
+ Support hypercare stabilization with triage, defect prioritization, and release planning.
+ Establish data ownership and RACI (data stewards, approvers, and system admins) and BAU operating model/runbooks (owners, cadence, controls, exception handling).
+ Define and track KPIs (data quality, close timeliness, reconciliation exceptions, user adoption) with ongoing governance routines.
* **Cost controls documentation \& governance artifacts**: prepare and maintain cost control documentation (cost basis/narratives, assumptions and constraints log, change and trend logs, reconciliation sign\-offs, meeting minutes/action registers) and ensure controlled handoffs for approvals, baselines/forecasts, and closeout archives to keep cost deliverables audit\-ready.
* **System integration stewardship**: partner with IT, system owners, and the Omega 365 implementation team to define, test (SIT/UAT), and stabilize integrations and reconciliations (e.g., P6, COUPA, BOLO, EFM, SiteView/WellView, and OneStream if applicable), including refresh cadence, cut\-off rules, mapping logic, reconciliation packs, and data quality controls.
* Coach and mentor cost engineers/analysts; standardize templates, dashboards, and reporting packs; capture lessons learned to impro
Posted: 2026-04-30