Manager, Project Cost Optimization Study

Your tasks

Responsible for project cost optimization reviews and studies. Provides recommendations based on cost optimization reviews to support group companies deliver efficient projects with optimized cost and maximum value. Ensures proper communication and explanation of major recommendations to top management within relevant directorates.

Job specific

• Evaluate engineering options provided for projects due for project cost optimization studies.
• Ensure latest technologies and best engineering solutions are implemented in the project while coordinated with stakeholders by discipline, such as Head of Discipline within the function, and engineers within group companies.
• Coordinate with group companies to prepare an annual plan for cost optimization studies to be conducted.
• Review engineering and cost documents submitted by the PMT (Project Management team).
• Prepare clarification list prior to the start of the session.
• Conduct preparation meetings with stakeholders from the group companies and ADNOC HQ.
• Provide summary of main engineering findings based on engineering documents submitted prior to the review.
• Take note during the optimization session on engineering data provided.
• Prepare cost optimization review study report.
• Review and comment on the study reports as required.
• Ensure being updated on latest engineering solutions, software, and technologies.
• Provide summary of main findings to management.
• Provide reports and presentations.
• Review and provide content in cost optimization review reports, and other reports and publications regarding engineering and cost estimation.
• Communicate findings with relevant directorates to check the feasibility of applying cost optimization options and recommendations.
• Prepare memos of major findings (if any) to be communicated with directorate executives and top management.
• Provide lessons learned and best practices based on cost optimization reviews and recommendations.
• Continuously develop cost optimization reviews and sessions to ensure continuous improvement, resilience, and efficiency.
• Consider different levers such as AI, new technologies, sustainability, etc. to ensure a comprehensive optimization.

Supervision

• Plan, supervise, and coordinate all activities in the assigned area to meet functional objectives.
• Train and develop the assigned staff on relevant skills to enable them to become proficient on the job and deliver the respective section objectives.

Budgets

• Provide input for preparation of the function/division/department/section budgets, assist in the implementation of the approved budget, and work plans to deliver objectives.
• Investigate and highlight any significant variances to support effective performance and cost control.

Policies, systems, processes & procedures

• Implement approved function/division/department/section policies, processes, systems, standards, and procedures in order to support execution of the work programs in line with company and international standards.

Performance management

• Contribute to the achievement of the approved performance objectives for the function/division/department/section in line with the company performance framework.

Innovation and continuous improvement

• Design and implement new tools and techniques to improve the quality and efficiency of operational processes.
• Identify improvements in internal processes against best practices in pursuit of greater efficiency in line with best industry standards in order to define intelligent solutions for issues confronting the function.

Health, safety, environment (HSE) and sustainability

• Comply with relevant HSE policies, procedures, controls, applicable legislation, and sustainability guidelines in line with international standards, best practices, and ADNOC code of practices.

Reports

• Provide inputs to prepare function/division/department/section progress reports for company management.

Requirements

Minimum qualification

• Bachelor’s degree in engineering

Minimum experience & knowledge & skills

• 15 years of experience in project management and engineering.
• Fully conversant with the ongoing technological advancements in engineering.
• Leadership, people-management, planning, cost control, influencing, interpersonal, and communication skills.
• Good coaching skills.
• Good command of English.
• Good knowledge of computer applications.

Core / technical skills

• Risk assessment and management (L4)
• Market trends and industry information research (L3)
• Stakeholder management (L4)
• Project management (L3)
• Project planning and scheduling (L4)
• Contractor performance management (L4)
• Projects quality assurance (L2)
• Stakeholder management for capital projects (L3)
• Project risk management (L2)
• Resource allocation and management (L4)
• Cost reduction strategies and initiatives (L4)
• Costing and job costing analysis (L4)
• Cost management and financial efficiency (L3)
• Financial performance optimization strategies (L4)
• AI fluency (L3)
• AI-driven process optimization (L4)
• Intelligent data interpretation (L4)

Other

Communication & working relationship Internal

• Vice President, Group Engineering
• Heads of disciplines within the division
• Cost estimation teams in group companies
• Other ADNOC divisions in Upstream, Downstream, TEO, etc.

External

• Shareholders, counterparts, and members of the ADNOC Group, as required
• Local and international vendors, contractors, and third-party service providers