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 the 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 EPC contractors, ensuring adherence to control plan.
Recommend corrective actions and assess deliverables, including 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 EPC 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.

Essential skills and knowledge

Bachelor’s degree in finance, Engineering, accounting, or business discipline.
8 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 on major projects.
Extensive knowledge of Project Controls principles, theories, and concepts.
Major Projects experience, EPC 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.

Related tags

JOB SUMMARY

Cost Control Lead

Brunel International

Al Sheehaniya

18 days ago

Senior

Full-time

Cost Control Lead