Cost Control Lead

Overview

• Develop efficient cost services and provide expert advice on cost estimating, forecasting, accounting, allocation, planning, reporting and control issues to ensure effective processes are utilized throughout the project life cycle.
• Review and evaluate assumptions and cost plan data to ensure cost centre owners and project management are fully appraised on cost governance requirements and the project complies with approved budget.
• Provide financial input into Funding Packages submittals such as 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.
• Develop and maintain a cost and man-hours information database, benchmarking data to provide support for estimating requirements as required.
• Able to estimate the cost for potential change orders with the FEED/ Contractor.
• Has extensive experience in cost estimating for major projects.
• Forecast cost estimates and prepare 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 project consistent with project scope and reporting structures requirements.
• Facilitate the monitoring of 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 Contractor deliverables in terms of VOWD reporting, Trend Management and Earned Value Analysis.
• Advise Project Leadership Team of 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.
• Verify Project Commitments in line with approved budgets and ensure all change orders are dully submitted (about contractual compliance) and are subject to proper Management approval.
• Develop in-house cost reporting solutions for managing Project Cost ensuring accuracy, integrity and consistency of data.