Cost Control Lead
2001-30000
Other
What are you going to do
Essential skills and knowledge
- Establish and maintain project cost control procedures, guidelines and reporting standards to ensure consistency across the projects.
- Implement a standard cost reporting process to enhance visibility and control over project expenditures.
- Lead cost data management across all contracts ensuring accurate compilation, validation and reporting of cost information to Project Management for informed decision making and financial transparency.
- Provide guidance to project team, in standardized cost control processes including Value of Work Done (VOWD) reporting, forecast updates, change order management, contingency planning, and expenditures allocation.
- Review and validate contractor invoices to ensure compliance with payment milestones and project progress.
- Support project controls by providing financial input for Funding Packages submittals including Estimate Basis, Estimate Confidence Packages, Advance Commitments (ACs), and Full Funding (FF).
- Ensure proper allocation of funds and budget transfers to align with project requirements.
- Lead the preparation of forecast cost estimates and annual Work Program and Budget (WP&B) incorporating project scope, progress achieved, and pending costs to ensure financial alignment with approved budgets.
- Develop and maintain Work Breakdown Structure (WBS) and Cost Breakdown Structure (CBS) ensuring alignment with project scope and reporting requirements.
- Monitor cost performance of FEED and contractors, ensuring adherence to control plan. Recommend corrective actions and assess deliverables, including of VOWD reporting, trend analysis, and earned value assessments.
- Provide early identification of potential cost risks, recommend corrective measures, and collaborate with project leadership to implement cost recovery plans and ensure cost control objectives are met.
- Provide support for FEED and tenders technical evaluations by developing evaluation plans, coordinating bid reviews, and ensuring approvals from relevant project committees.
- Oversee project commitments, ensuring contractual compliance for change orders and approvals.
- Provide cost control guidance to procurement and contract teams for effective WBS and CBS allocations.
- 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.
- Develop In-House cost reporting solutions and implement tools and methodologies to enhance cost tracking accuracy, integrity, and consistency of data across projects.
Essential skills and knowledge
- Bachelor degree in Finance, Engineering, accounting, or business discipline.
- 10 years’ experience in cost Control/cost management with focus on large-scale oil and gas capital projects environment.
- Proven experience in cost estimating, cost forecasting, allocation, planning, budgeting, and cost reporting for major projects.
- Extensive knowledge of Project Controls principles, theories, and concepts.
- Major Projects experience, Lump Sum Contracts, working with multi-lingual contract teams with large local subcontractors.
- Experience required in working with ERP systems and Project Management systems.
- Strong analytical, and commercial skills.
- Proficient in Microsoft office packages and some technical packages.
- Proficient in project cost management software and tools, with the ability to analyze and present cost data clearly.
JOB SUMMARY