Project Cost Controller

Overview

• Establish the company’s first centralized Cost Control Department, defining clear SOPs for project budgeting, resource allocation, and cost validation.
• Act as the Subject Matter Expert (SME) during the development and implementation of a new internal Cost Control Software, ensuring seamless integration with QuickBooks Online.
• Define standard Work Breakdown Structures (WBS) and cost coding systems for all civil projects.
• Review awarded project contracts, BOQs, and estimates to establish Zero-Based Budgets and baseline allowable costs before project commencement.
• Work with Project Managers to validate baseline manpower, material, and equipment allocation plans.
• Implement strict "gatekeeping" to ensure no Purchase Requests (PRs) or resource allocations are processed without budget availability.
• Monitor daily manpower allocation for a 700+ workforce, tracking standard labor rates, productivity (Earned Value), and identifying idle or inefficient labor allocation.
• Track actual material consumption against allowable BOQ limits to identify and mitigate wastage, pilferage, or over-ordering.
• Monitor plant and equipment utilization, fuel consumption, and internal rental cost allocations.
• Review and validate subcontractor Interim Payment Certificates (IPCs) against actual site progress and contract terms.
• Investigate and report on any significant variances between budgeted and actual costs, providing actionable recovery plans.
• Prepare comprehensive monthly Cost Reports for Executive Management.
• Calculate and report on Earned Value Management (EVM) metrics, specifically Cost Performance Index (CPI) and Schedule Performance Index (SPI).
• Generate accurate Cost-to-Complete (CTC) and Estimated at Completion (EAC) forecasts to provide early visibility into final project profitability.
• Partner with the Procurement Department to ensure optimal buying strategies and adherence to the project budget.
• Collaborate with the Finance Department to ensure accurate accruals, committed costs tracking, and timely recording of project liabilities in QuickBooks Online.
• Challenge and guide Project Managers on cost-saving initiatives and value engineering.