Lead of Cost Control

Lead of Cost Control

Job Specification:

Ensure allocation, planning and stewardship of project costs and expenditures needed to achieve cost effective and timely delivery of the project deliverables  while ensuring all activities comply with standardized processes.

Key Accountabilities:

• 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 EPC Contracts.

• Ensure cost data integrity across all EPC 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 EPCs 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.

• 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.

• 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 across project EPCs.

• 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 inhouse cost reporting solutions for managing Project Cost ensuring accuracy, integrity and consistency of data.

• Ensure support for EPC tenders’ technical evaluations during Pre-EPC phase by developing Tender Evaluation Plans, facilitating and coordinating the technical evaluation process, developing Technical Bid Evaluation reports and getting required approvals from project management and relevant committees.

Minimum Requirements

• Bachelor’s degree in Business, Engineering, or Management discipline.

• 10 years’ experience in Project Cost Control with extensive knowledge of Project Controls principles, theories and concepts in which 3 years in supervisory role.

• Experience working on major projects, from an Owner’s perspective, managing EPC Lump Sum Contracts, working with multi-lingual contract teams with large local subcontractors.

• Experience with Project Management systems and ERP systems such as SAP or any other Oil & Gas ERP.

• Excellent written and spoken English skills.

• Strong analytical, skills.

• Proficient in Microsoft office packages and some technical packages.