Cost Engineer Lead

The role is responsible providing cost management leadership; ensuring the integrity and effectiveness of cost management and management of change; continuously improving the cost management strategy, plans and procedures; and satisfying BP requirements and the expectations of customers. What you will deliver - Responsible to lead and handle day to day functioning of the Cost Engineers team in TSI for Site Projects portfolio - Identify key cost management expectations, reporting, performance management, and cost management plans in setting up integrated delivery models with contractors from TSI - Be responsible for the technical cost management onboarding for new team members in the cost team - Help find opportunities for Cost discipline improvements and lead standardisation initiatives - Support the global controls vision and lead key cost discipline initiatives for TSI - This role is encouraged to be a working lead, supporting delivery of global cost management activities as required, includes but not limited to: - Support the preparation and implementation of the work breakdown structure (WBS); ensuring understanding of the broader scope across all project stages. - Support the set-up of appropriate control budgets from the project estimate and schedule, ensuring full understanding of estimate basis, scope, schedule, contracting strategy and execution plannings. - Support the overall organizational change (trending and MoC) process; ensuring it is rigorously applied to all changes and that impacts are fully assessed and incorporated into project cost forecasts, project plans and budgets. - Ensure that data collected from project teams and contractors (progress, changes, and risks) is used to underpin the cost forecast assumptions, phasing and control budgets. - Support the cost related communication plans, interfaces and the reporting system that provides the leadership team and partners with timely analysis and insights for all work scope. - Closely monitor cost performance against realistic targets to ensure that objectives and key performance indicators are met. - Helping in identify risks and cost reduction opportunities and uncertainties. - Prepare final cost reports and financial closeout documentation, reconciliations, and reports - Adhere to the principles outlined in the project controls governing documents. - Supports project cost control training to non-practitioners - Performs assurances in accordance with the projects common process - Supports the evaluation of projects against internal and external metrics and benchmarks to demonstrate the competitiveness of the project - Supports project FEL assessments