LEAD COST

Primary Duties and Responsibilities:

• 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.
• Support the Business Division Manager and lead the financial input into Funding Packages submittals, e.g. 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.
• Development of Forecast cost estimates and preparation of annual Work Program and Budget (WP&B) taking full consideration of project scope, progress achieved and pending to complete scope.
• Facilitate the monitoring of FEED and EPC 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 FEED and EPC Contractors deliverables in terms of VOWD reporting, Trend Management and Earned Value Analysis.
• Advise Head Project Controls and Project Leadership Team of any 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.
• Develop inhouse cost reporting solutions for managing Project Cost ensuring accuracy, integrity and consistency of data.