FINAL Cost Engineer
www.careersinoilandgas.com
COST ENGINEER #ProjectControlSpecialist #CostAnalyst #CostEstimator #ProjectCoordinator Projects often run into the multimillions or multibillions of dollars, so your attention to detail and economics focus serve a key role. Your job is to provide cost estimates and ensure there are cost controls for facility construction, production and services. In short, you make sure the company you work for is either getting the best financial return for its service or product, or getting the biggest bang for the buck.
What does this career look like? Before embarking on a major project, you prepare cost estimates based on the project’s specifications and drawings. Your groundwork is critical for evaluating and responding to proposals you receive from contractors. Your initial cost estimates provide the basis for negotiations. During the initial project phase, your role looks more like cost control. You track expenditures meticulously using sophisticated databases. In the world of project management, you analyze S-curves to give you a sense of the cumulative costs of a project. Are you going over or under? If you are, it’s your job to create a cost mitigation plan and flag any issues to the project manager. Cost control is much like being the invoice police. You scrutinize contractor invoices. You check with engineers and project managers to make sure the job is done to quality and specifications before submitting invoices to the finance department.
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HOW DO I GET HERE? A post-secondary degree in engineering from an accredited institution and knowledge from within the electrical, mechanical or civil engineering field is required. Other credentials may be acceptable. This role typically requires extensive experience and exposure to a variety of large capital projects. Licensing To obtain a licence as a professional engineer (P. Eng), you must obtain a degree from an accredited engineering program, pass a professional practice exam and have three or four years of engineering experience, of which one year must be gained in Canada. You must also have Canadian citizenship or proof of permanent residency in Canada.
HEALTH & SAFETY TRAINING • Specific health and safety certfications will be determined by job requirements.
What would I do? You keep the costs of a project contained through ongoing communication, research and organization. From negotiations to conflict resolution, your knowledge of material costs is sought after. Knowledge is power, especially when it comes to negotiations, and you’ll be responsible for researching and understanding the costs fully. You’re good at working with colleagues from many departments – finance, procurement, engineering, quality control…you know how to speak their language in order to get across your message of cost control. You enjoy the constant monitoring and analysis required to keep a project budget on track. You also aid management in bidding or determining a price of a product or service. Specific aspects of your job include: 4 Preparing estimates for management to plan, organize and schedule work 4 Compiling cost performance management data for reporting 4 Resolving issues related to project cost control procedures
+5YRS 4
Establishing and maintaining the tendering process and conducting negotiations
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+5YRS
Senior Level Activity
www.careersinoilandgas.com
What competencies do I need?
PATHWAYS
Your organizational skills are critical. You can explain complex financial matters in ways that are easily understood by others. This helps you in negotiations and conflict resolution. You bring other skills and knowledge, including:
1
2
3
4
5
6
7
8
9
10
IS THIS YOU?
You could move into roles such as:
ENTRY LEVEL 4 Critical thinking 4 Managing financial resources 4 Administration and management 4 Judment and decision making 4 Attention to detail
0-5YRs
SENIOR LEVEL 4 Economics and accounting 4 Complex problem solving 4 Engineering and technology 4 Law and government 4 Negotiating with others
5-10YRS+
• Project Engineer • Cost Analyst • Cost Estimator • Project Planner/Scheduler • Project Coordinator • Project Manager • Planner • Team Leader You could transfer your skills into sectors such as:
4 Lorem ipsum dolor What can I expect?
4 Lorem ipsum dolor 4 Lorem ipsum dolor 4 Lorem ipsum dolor 4 Lorem ipsum dolor 4 Lorem ipsum dolor Typically employed in the exploration and production (E&P), oil sands, oil and gas services, 4 Lorem ipsum dolor 4 Lorem ipsum dolor and pipeline sectors of the oil and gas industry, you’ll spend your days mostly indoors in an office setting with regular hours. At times, you may find yourself working under pressure as you keep things on track and costs under control.
Like · Share ·
How can I learn more?
• Utilities, including renewable energy • Construction of buildings (non-residential and residential) • Heavy and civil engineering construction • Wood product manufacturing • Paper manufacturing • Petroleum and coal product manufacturing • Chemical manufacturing • Primary metal manufacturing • Professional, scientific and technical services
To find out more about the roles related to a Cost Engineer and other careers in the oil and gas industry, visit the Careers in Oil + Gas online tool at careersinoilandgas.com.
Like · Share ·
Careers in Oil + Gas
@careersinoandgas #CostEngineers keep oil and gas costs contained through scrutiny, regular communication and research.
Funded in part by the Government of Alberta and Government of Canada’s Sectoral Initiatives Program.
COST ENGINEER #ProjectControlSpecialist #CostAnalyst #CostEstimator #ProjectCoordinator Projects often run into the multimillions or multibillions of dollars, so your attention to detail and economics focus serve a key role. Your job is to provide cost estimates and ensure there are cost controls for facility construction, production and services. In short, you make sure the company you work for is either getting the best financial return for its service or product, or getting the biggest bang for the buck.
What does this career look like? Before embarking on a major project, you prepare cost estimates based on the project’s specifications and drawings. Your groundwork is critical for evaluating and responding to proposals you receive from contractors. Your initial cost estimates provide the basis for negotiations. During the initial project phase, your role looks more like cost control. You track expenditures meticulously using sophisticated databases. In the world of project management, you analyze S-curves to give you a sense of the cumulative costs of a project. Are you going over or under? If you are, it’s your job to create a cost mitigation plan and flag any issues to the project manager. Cost control is much like being the invoice police. You scrutinize contractor invoices. You check with engineers and project managers to make sure the job is done to quality and specifications before submitting invoices to the finance department.
Like · Share ·
HOW DO I GET HERE? A post-secondary degree in engineering from an accredited institution and knowledge from within the electrical, mechanical or civil engineering field is required. Other credentials may be acceptable. This role typically requires extensive experience and exposure to a variety of large capital projects. Licensing To obtain a licence as a professional engineer (P. Eng), you must obtain a degree from an accredited engineering program, pass a professional practice exam and have three or four years of engineering experience, of which one year must be gained in Canada. You must also have Canadian citizenship or proof of permanent residency in Canada.
HEALTH & SAFETY TRAINING • Specific health and safety certfications will be determined by job requirements.
What would I do? You keep the costs of a project contained through ongoing communication, research and organization. From negotiations to conflict resolution, your knowledge of material costs is sought after. Knowledge is power, especially when it comes to negotiations, and you’ll be responsible for researching and understanding the costs fully. You’re good at working with colleagues from many departments – finance, procurement, engineering, quality control…you know how to speak their language in order to get across your message of cost control. You enjoy the constant monitoring and analysis required to keep a project budget on track. You also aid management in bidding or determining a price of a product or service. Specific aspects of your job include: 4 Preparing estimates for management to plan, organize and schedule work 4 Compiling cost performance management data for reporting 4 Resolving issues related to project cost control procedures
+5YRS 4
Establishing and maintaining the tendering process and conducting negotiations
Like · Share ·
+5YRS
Senior Level Activity
www.careersinoilandgas.com
What competencies do I need?
PATHWAYS
Your organizational skills are critical. You can explain complex financial matters in ways that are easily understood by others. This helps you in negotiations and conflict resolution. You bring other skills and knowledge, including:
1
2
3
4
5
6
7
8
9
10
IS THIS YOU?
You could move into roles such as:
ENTRY LEVEL 4 Critical thinking 4 Managing financial resources 4 Administration and management 4 Judment and decision making 4 Attention to detail
0-5YRs
SENIOR LEVEL 4 Economics and accounting 4 Complex problem solving 4 Engineering and technology 4 Law and government 4 Negotiating with others
5-10YRS+
• Project Engineer • Cost Analyst • Cost Estimator • Project Planner/Scheduler • Project Coordinator • Project Manager • Planner • Team Leader You could transfer your skills into sectors such as:
4 Lorem ipsum dolor What can I expect?
4 Lorem ipsum dolor 4 Lorem ipsum dolor 4 Lorem ipsum dolor 4 Lorem ipsum dolor 4 Lorem ipsum dolor Typically employed in the exploration and production (E&P), oil sands, oil and gas services, 4 Lorem ipsum dolor 4 Lorem ipsum dolor and pipeline sectors of the oil and gas industry, you’ll spend your days mostly indoors in an office setting with regular hours. At times, you may find yourself working under pressure as you keep things on track and costs under control.
Like · Share ·
How can I learn more?
• Utilities, including renewable energy • Construction of buildings (non-residential and residential) • Heavy and civil engineering construction • Wood product manufacturing • Paper manufacturing • Petroleum and coal product manufacturing • Chemical manufacturing • Primary metal manufacturing • Professional, scientific and technical services
To find out more about the roles related to a Cost Engineer and other careers in the oil and gas industry, visit the Careers in Oil + Gas online tool at careersinoilandgas.com.
Like · Share ·
Careers in Oil + Gas
@careersinoandgas #CostEngineers keep oil and gas costs contained through scrutiny, regular communication and research.
Funded in part by the Government of Alberta and Government of Canada’s Sectoral Initiatives Program.
