Develop a Budget Estimate using the facility strategy, operations scope, engineering estimates, and historical data based on the defined turnaround scope.
Utilize additional resources to estimate costs for new or non-standard work scopes as required.
Prepare the Definition Estimate based on SAP plans, engineering inputs, and vendor quotations.
Estimate all add-ons using planner data and input into the ROI Add-On Tool for management review and decision-making.
Support the creation of the Plan for Management and Control specifically related to Cost Management.
Lead the development and refinement of headcount-based estimates for major service providers operating on a Time & Material (T&M) basis.
Ensure that all cost-related management reports accurately reflect the approved plan.
Continuously analyze and report variances between planned and actual costs and headcount as the turnaround progresses.
Calculate and report Forecast at Completion (FAC) including the most up-to-date plans for service providers and work scopes.
Accrue all costs in compliance with Dow's expense guidelines.
Provide timely cost data to the Turnaround Manager for START system updates.
Take proactive measures to investigate and resolve cost discrepancies and related issues.
Finalize and archive all cost data and contribute to the financial closure section of the turnaround closure report.
Validate all cost variances greater than 10% between planned and actuals, and ensure job plans are updated to reflect actual field execution.
Reconcile billable man-hours against planned hours per contractor and per job.
Ensure all changes in billable man-hours—stemming from field change orders, discoveries, and late add-ons—are accurately reconciled with contractor invoices.
Requirements
Bachelor’s degree in Engineering or a related technical field
5–10 years of experience in the oil and gas or construction industry
On-site project experience & TA experience is mandatory
