Project Cost Engineer

Role: Project Cost Engineer

Clearance: Active SC Clearance (mandatory)

Primary Location: Bristol

Secondary Location: Andover

Rate: £450 per day – Outside IR35

Cost Engine

erA strong Cost Engineer should demonstrate end-to-end ownership of programme cost management, including estimating, forecasting, cost control, and financial assurance within large-scale Defence or HMG programme

s.
Experience supporting Full Business Cases (FBCs) and aligning cost models to HM Treasury Green Book principles, with clear evidence of linking cost to schedule, risk, and benefits. Hands-on experience with cost modelling, EVM (Earned Value Management), and financial forecasting, alongside integration with risk (QRA) and schedule (SRA) to provide cost-risk insigh

ts.
Experience operating in multi-supplier environments, understanding commercial constructs and cost drivers, and providing decision support to SROs and Programme Boa

rds.Should be confident in challenging assumptions, managing cost baselines and variances, and producing clear, accurate reporting to senior leadership and governance for

ums.

Key Responsibi

1. litiesCost Estimation and Pla
2. nning:Develop and maintain detailed cost estimates for all phases of digital transformation pro
3. jects.Collaborate with project managers, engineers, and stakeholders to establish realistic bu
4. dgets.Budget Manag
5. ement:Monitor project budgets and expenditures, ensuring alignment with financial objec
6. tives.Prepare cost forecasts and provide insights into potential vari
7. ances.Cost Control and Repo
8. rting:Implement cost control measures to manage project financial performance effect
9. ively.Generate detailed cost reports and provide regular updates to project stakeho
10. lders.Risk and Variance Ana
11. lysis:Identify and analyze cost risks and variances, recommending mitigation strategies as n
12. eeded.Conduct sensitivity analyses to evaluate the financial impact of project ch
13. anges.Collaboration and Communic
14. ation:Work closely with procurement teams, contractors, and suppliers to ensure cost effic
15. iency.Serve as the primary point of contact for cost-related queries and discus
16. sions.Governance and Compl
17. iance:Ensure adherence to defence financial regulations and reporting stan
18. dards.Maintain accurate and comprehensive documentation of cost management activ