Cost Manager
Role Overview
To be accountable for managing all cost activities to the Rail Development Directorate project in PRISM as per the monthly Systems Integration Calendar.
To be accountable for supporting on the analysis and verification of contract level cost performance and ensure the data accurately reflects the current programme performance for onwards reporting.
To be responsible for supporting on the validation of cost performance data submitted by delivery teams to the programme team as part of communicating overall programme performance.
To be responsible for assisting with the development of contract level performance reports to communicate current performance to the programme team, including Earned Value Management (EVM), forecasted costs and Estimate at Completion (EAC) pressures.
To be accountable for supporting the Senior Cost Manager to ensure adherence with cost performance processes and procedures across the respective programme and also, for storing and maintaining data and documents accurately within the corporate systems.
To be accountable for providing technical support to the Project Managers on cost performance and assist in the management of contractor teams to support the successful delivery of the Rail Development project.
To be responsible for ensuring that the cost performance team are aligned to the current business processes and ways of working from a delivery perspective.
To be accountable for working closely with the supply chain to develop a series of defined work-streams to progressively enhance cost performance capabilities within the Phase.
To be responsible for ensuring that the contract teams are working to the current governance processes and review policies in order to ensure they are in line with strategic business objectives.
To be responsible for assisting with the RDD budget (circa £50m) re-forecasting exercise, providing robust comparative analysis and impacts on the original budget, to ensure it remains in-line with the associated HS2 financial KPI’s.
To be responsible for assisting with the preparation and submission of the RDD monthly reports for all programme costs to enable prompt decision-making, approvals and financial authorisations.
To be accountable for representing the Rail Development Directorate at monthly supplier programme PMU 2/Dashboard review meetings, monitoring supplier performance providing the required level of challenge on actual and forecast costs.
To be accountable for supporting on the provision of detailed and summary analysis on cost matters, including, but not limited to root cause of variance against budgets and baselines; viability and variance of cost forecasts and corrective action recommendations.
To be accountable for the creation of Purchase Orders, timely receipt all supplier invoices and monitor values in Enterprise Resource Planning system.
Attendance at the fortnightly PRISM users meeting.
Actively promote and embed Equality Diversity and Inclusion (EDI) in all your work, and support and comply with all organisational initiatives, policies and procedures on EDI.
About You
Key Skills for This Role
Full Job Posting
About the Role
To be accountable for managing all cost activities to the Rail Development Directorate project in PRISM as per the monthly Systems Integration Calendar.
To be accountable for supporting on the analysis and verification of contract level cost performance and ensure the data accurately reflects the current programme performance for onwards reporting.
To be responsible for supporting on the validation of cost performance data submitted by delivery teams to the programme team as part of communicating overall programme performance.
To be responsible for assisting with the development of contract level performance reports to communicate current performance to the programme team, including Earned Value Management (EVM), forecasted costs and Estimate at Completion (EAC) pressures.
To be accountable for supporting the Senior Cost Manager to ensure adherence with cost performance processes and procedures across the respective programme and also, for storing and maintaining data and documents accurately within the corporate systems.
To be accountable for providing technical support to the Project Managers on cost performance and assist in the management of contractor teams to support the successful delivery of the Rail Development project.
To be responsible for ensuring that the cost performance team are aligned to the current business processes and ways of working from a delivery perspective.
To be accountable for working closely with the supply chain to develop a series of defined work-streams to progressively enhance cost performance capabilities within the Phase.
To be responsible for ensuring that the contract teams are working to the current governance processes and review policies in order to ensure they are in line with strategic business objectives.
To be responsible for assisting with the RDD budget (circa £50m) re-forecasting exercise, providing robust comparative analysis and impacts on the original budget, to ensure it remains in-line with the associated HS2 financial KPI’s.
To be responsible for assisting with the preparation and submission of the RDD monthly reports for all programme costs to enable prompt decision-making, approvals and financial authorisations.
To be accountable for representing the Rail Development Directorate at monthly supplier programme PMU 2/Dashboard review meetings, monitoring supplier performance providing the required level of challenge on actual and forecast costs.
To be accountable for supporting on the provision of detailed and summary analysis on cost matters, including, but not limited to root cause of variance against budgets and baselines; viability and variance of cost forecasts and corrective action recommendations.
To be accountable for the creation of Purchase Orders, timely receipt all supplier invoices and monitor values in Enterprise Resource Planning system.
Attendance at the fortnightly PRISM users meeting.
Actively promote and embed Equality Diversity and Inclusion (EDI) in all your work, and support and comply with all organisational initiatives, policies and procedures on EDI.
About You
Skills:
- Ability to work in a project role.
- Ability to carry out project controls reporting and analysis.
- Stakeholder management - ability to manage stakeholders within a matrix environment, including the facilitation of stakeholder meetings and information flow.
- Organisational skills, able to ensure progress is maintained within project timelines and milestones are achieved.
- Ability to analyse data and present as meaningful metrics.
- Ability to deliver against agreed deadlines.
- Able to solve problems with attention to detail.
- Data analysis – able to analyse and interpret data and produce accurate, timely and informative reports in multiple formats adapted to the needs of the audience.
- Experience of establishing effective working relationships up to senior level.
- Ability to produce information with the ability to influence and communicate across all levels within an organisation and gain commitment against required project actions.
- Communication skills – clear communicator with the ability to deliver clear presentations which engage and influence colleagues and external stakeholders.
- Ability to use Microsoft Excel as an analytics tool; fluency in other Microsoft Office suite products along with familiarity of document management and cost management systems (for example, PRISM).
- Ability to draw on industry best practice in the development and maintenance of HS2 cost systems to ensure consistent best in class approaches and decision making across all directorates.
- Knowledge:
- Awareness of all aspects of cost management within a project lifecycle.
- An understanding of cost control principles and demonstrable experience of delivering project controls on a large-scale programme/project.
- Understanding of cost management tools and systems, including work breakdown, cost breakdown, and delivery structures and their impact and/or integration with change management.
- Knowledge of Project Controls, Commercial and Finance processes and how these operate.
- Knowledge and commercial awareness of multiple construction contract types (including, NEC contracts, amendments, early warning notices and the work flows of communications between contractor and client) and their respective benefits to client organisations.
- Knowledge of the core Project Controls disciplines, including; Schedule Management, Change Management and Risk Management.
- Awareness of the HS2 Ltd Programme.
- Type of Experience:
- Experience in cost management or project control role within a major project.
- Experience of designing and maintaining Project Control related reports, for example PMU 2 / Dashboards and contributing to wider corporate reporting.
- Experience of reviewing and recording detailed information by agreed standards.
- Experience in the core project controls functions, including: baseline maintenance, schedule management, cost performance, change management, risk management, performance reporting and document control.
- Experience in managing and producing performance reports that summarise cost performance, including: Budgets, Earned Value Management (EVM) and forecasts on major projects.
- Experienced in the management and use of core cost and change management systems (e.g. Prism, CEMAR).
- Experience managing administrative and strategic tasks whilst contributing to wider delivery.
- Experience of working on high profile, public sector or transport initiatives.
- We ask for a variety of detail in your online application, however we perform the first assessment of suitability for a role based solely on the information in your CV. In a further development of our efforts to create a more diverse workforce, your CV will be anonymised and personal information will be removed during the first stage of the application review. This removes bias from the process and makes it even more important that you attach an updated word version of your CV for each new application ensuring you include evidence directly related to the criteria in the job advert. Watch this video on how we remove bias in the recruitment process: Removing bias in the recruitment process - YouTubeAny applications received after the closing date will not be considered.
Qualifications
- Ability to work in a project role.
- Ability to carry out project controls reporting and analysis.
- Stakeholder management - ability to manage stakeholders within a matrix environment, including the facilitation of stakeholder meetings and information flow.
- Organisational skills, able to ensure progress is maintained within project timelines and milestones are achieved.
- Ability to analyse data and present as meaningful metrics.
- Ability to deliver against agreed deadlines.
- Able to solve problems with attention to detail.
- Data analysis – able to analyse and interpret data and produce accurate, timely and informative reports in multiple formats adapted to the needs of the audience.
- Experience of establishing effective working relationships up to senior level.
- Ability to produce information with the ability to influence and communicate across all levels within an organisation and gain commitment against required project actions.
- Communication skills – clear communicator with the ability to deliver clear presentations which engage and influence colleagues and external stakeholders.
- Ability to use Microsoft Excel as an analytics tool; fluency in other Microsoft Office suite products along with familiarity of document management and cost management systems (for example, PRISM).
- Ability to draw on industry best practice in the development and maintenance of HS2 cost systems to ensure consistent best in class approaches and decision making across all directorates.
- Awareness of all aspects of cost management within a project lifecycle.
- An understanding of cost control principles and demonstrable experience of delivering project controls on a large-scale programme/project.
- Understanding of cost management tools and systems, including work breakdown, cost breakdown, and delivery structures and their impact and/or integration with change management.
- Knowledge of Project Controls, Commercial and Finance processes and how these operate.
- Knowledge and commercial awareness of multiple construction contract types (including, NEC contracts, amendments, early warning notices and the work flows of communications between contractor and client) and their respective benefits to client organisations.
- Knowledge of the core Project Controls disciplines, including
- Knowledge of the core Project Controls disciplines, including; Schedule Management, Change Management and Risk Management.
- Awareness of the HS2 Ltd Programme.
- Experience in cost management or project control role within a major project.
- Experience of designing and maintaining Project Control related reports, for example PMU 2 / Dashboards and contributing to wider corporate reporting.
- Experience of reviewing and recording detailed information by agreed standards.
- Experience in the core project controls functions, including: baseline maintenance, schedule management, cost performance, change management, risk management, performance reporting and document control.
- Experience in managing and producing performance reports that summarise cost performance, including: Budgets, Earned Value Management (EVM) and forecasts on major projects.
- Experienced in the management and use of core cost and change management systems (e.g. Prism, CEMAR).
- Experience managing administrative and strategic tasks whilst contributing to wider delivery.
- Experience of working on high profile, public sector or transport initiatives.
- We ask for a variety of detail in your online application, however we perform the first assessment of suitability for a role based solely on the information in your CV. In a further development of our efforts to create a more diverse workforce, your CV will be anonymised and personal information will be removed during the first stage of the application review. This removes bias from the process and makes it even more important that you attach an updated word version of your CV for each new application ensuring you include evidence directly related to the criteria in the job advert. Watch this video on how we remove bias in the recruitment process: Removing bias in the recruitment process - YouTubeAny applications received after the closing date will not be considered.
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