Cost Leader
Posted on :
08-09-2024
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1 Vacancy
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Job Description
- Develop and maintain a set of Project Cost Control procedures, guidelines and flow charts to meet project requirements along with a standard cost reporting process across all project Contracts.
- Ensure cost data integrity across all Contracts and make sure cost information is accurately compiled and reported to Project Management to provide visibility on overall project cost status and performance.
- Direct project team and provide guidance and expertise to Project Cost Engineers assigned to each one of the and ensure common understanding and standardized practice of cost control processes in terms of Value Of Work Done (VOWD) reporting, forecast updates, contractors’ change orders, trend and contingency management and expenditures allocation.
- Support the Business Division Manager and lead the financial input into Funding Packages submittals, e.g. Advance Commitments (ACs), Full Funding (FF), Supplementary Funding whenever required and recommend budget transfers to ensure that all necessary funding is provided and Project Cost At Completion is aligned with the approved budgets.
- Development of Forecast cost estimates and preparation of annual Work Program and Budget (WP&B) taking full consideration of project scope, progress achieved and pending to complete scope.
- Develop and maintain Work Breakdown Structure (WBS) and Cost Breakdown Structure (CBS) for the overall Onshore project consistent with project scope and reporting structures requirements across project.
- Facilitate the monitoring of FEED and contractors and project’s cost performance comparing to agreed control plans and recommends corrective plans as required during project execution with the appropriate PMT personnel. Monitor, review and endorse FEED and Contractors deliverables in terms of VOWD reporting, Trend Management and Earned Value Analysis.
- Advise Head Project Controls and Project Leadership Team of any potential cost issues as early enough to mitigate, provide guidance on corrective actions and measures to mitigate any adverse trends. In conjunction with Head Project Controls develop and implement corrective actions and recovery plans ensuring these are implemented in a timely manner.
- Follow up Project Commitments in line with approved budgets and ensure all change orders are dully submitted (with regard to contractual compliance) and are subject to proper Management approval. Provide guidance to Procurement and Contracts teams for commitments’ WBS and CBS allocations.
Employment Type
Full-time
Company Industry
Department / Functional Area
Key Skills
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