Productivity Project Manager – Industrial Cost Engineer

Philips Magyarország; Farnborough; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

A leading health technology company is seeking a Productivity Project Manager – Industrial Cost Engineer to lead cost improvement projects and ensure profitable product development. You will analyze cost structures, advise management on financial topics, and build cost models for new innovation projects. The ideal candidate has a relevant degree and at least 5 years of experience in project management or cost engineering. Strong communication skills and a hands-on mentality are essential.

Qualifications

• Minimum of 5 years experience in project management or cost-related fields.
• Strong analytical skills and ability to optimize product cost.
• Deep understanding of financial impact in innovation projects.

Responsibilities

• Lead Design-to-Value analysis for innovation projects.
• Advise management on cost-related topics throughout the process.
• Build cost models and benchmark for product profitability.
• Prepare financial and risk reports and support engineering changes.

Skills

Project management

Cost engineering

Value engineering

Financial analysis

Communication skills

Education

Bachelor or Master’s degree in Engineering or related fields

Job description

Productivity Project Manager – Industrial Cost Engineer

Job Description

Lead Design-to-Value analysis and support program delivery within scope, schedule, and cost objectives. You will analyse cost structures, evaluate design options, and drive cost improvement initiatives across innovation projects. Your work ensures financial and technical goals are met while enabling profitable and sustainable product development.

Your Role:

• You will be involved in new innovation projects from the beginning to set up profitability analysis and investigating alternative scenarios to achieve our ambitious business goals.
• You will play a key role in advising management and project teams on cost-related topics throughout the innovation process.
• You will build cost models, benchmarking, and collaborate with R&D, Procurement, and cross‑functional teams to optimize product cost and profitability.
• Lead DfX and cost improvement projects, prepare financial and risk reports, and support engineering changes and labelling requirements.

You're the Right Fit If:

• You hold a Bachelor or Master’s degree in Engineering, Industrial Engineering & Management, Technology and Operations Management, or similar.
• You have a minimum of 5 years of experience in project management, cost engineering, and/or value engineering, with expertise in cost price and profitability calculation methods (business cases, P&L, balance sheet).
• You possess deep understanding of commercial and technical aspects and their financial impact in innovation projects. Ideally within IGT Systems or similar complex medical systems.
• You demonstrate seniority, hands‑on mentality, able to switch between detailed analyses and high‑level processes quickly and ability to inspire others at different levels.
• You are fluent in English with strong communication and presentation skills.

How we work together

We believe that we are better together than apart. For our office‑based teams, this means working in‑person at least 3 days per week.

About Philips

We are a health technology company. We built our entire company around the belief that every human matters, and we won’t stop until everybody everywhere has access to the quality healthcare that we all deserve. Do the work of your life to help the lives of others.

• Learn more about our business.
• Discover our rich and exciting history.
• Learn more about our purpose.
• Learn more about our culture of impact with care here.

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