bayt.com
Job Description
- Establish and manage a cost control system in order to support the PM decision-making process and allow him to complete
- the project within the approved budget
- Ensure any deviation from budget is promptly spotted and analyzed, final impact is estimated and the effect of corrective
- actions taken is monitored
- Create a cost awareness atmosphere among project team
- Satisfy the Operating Company and Corporate requirements for the cost control reporting, cooperating with the proper interfacesAt project initial phase:
- After contract award, ensure the implementation of the Cost Control System, elaborating the consolidated Cost Breakdown
- Structure according to the relevant procedure, reviewing the procurement/accountin g system adopted in each Operating
- Companies/Branches involved into the project, and verifying the application of the CBS and the cost traceability
- Issue the Project Cost Control Procedure, Cost Coding Manual and Risk Managemen t Plan, for the Project Control
- Manager verification, according to standards and contract specification and configure the Cost Breakdown Structure to
- monitor procurement and accounting activities
- If not provided during the commercial phase, split the Commercial Budget according to the intercompany scheme, contract
- and work schedule, in order to report revenues/costs by entity, currencies, and main cost accounts and prepare the cash-flow by currency
Skills
- Coordinate the risk managment activities startup organizing the first brainstorming and the qualitative / quantitative
- assessment of the identified risks and opportunities
- Carry out the Montecarlo Analysis
- During the project execution phase:
- ensure the Cost Control System works effectively and cost status is soundly assessed and reported
- monitor activity progress and the relevant earned value, as well as the value of work done against the invoices received,
- determining the monthly accruals (to have accounts in line with works progress)
- Support the Project during the contract changes/claims process providing the cost impact analysis, and keep updated the
- cost/revenues forecast relevant to intercompany services
- Analyse committed costs and activities to-date, review the estimate to complete, isolating any deviation from bas elines or
- adverse trend and warn the PM on time to take corrective actions in order to prevent overruns
- Maintain the risk management process organizing periodic meetings and verifying the risk owners feedback
- Issue the project and company reporting
- At project closure
- Support the Project Control Manager in the preparation of the Project close-out Report and the costfeed-back data to
- Project Control and Commercial Departments