Cost Control Lead
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Key skills for this role
About the Role
Ensure cost data integrity across all Contracts and make sure cost information is accurately compiled and reported to Project Management to provide visibility on overall project.
Key Skills for This Role
Responsibilities
- Ensure cost data integrity across all contracts and report to Project Management
- Direct project team and provide guidance to Project Cost Engineers
- Lead financial input into Funding Packages submittals
- Develop Forecast cost estimates and prepare annual WP&B
- Develop and maintain WBS and CBS for Onshore project
- Monitor FEED and Contractors cost performance and recommend corrective plans
- Review FEED and Contractors deliverables for VOWD, Trend Management, and Earned Value Analysis
- Advise Head Project Controls of potential cost issues and corrective actions
- Develop in house cost reporting solutions
- Support tenders' technical evaluations
Requirements
- Experience in cost control and project cost management
- Knowledge of VOWD reporting, trend management, and contingency management
- Ability to develop and maintain WBS and CBS
- Experience with FEED and contractor cost performance monitoring
- Strong analytical and problem solving skills
Full Job Posting
Overview
- Ensure cost data integrity across all Contracts and make sure cost information is accurately compiled and reported to Project Management to provide visibility on overall project cost status and performance.
Responsibilities
- Direct project team and provide guidance and expertise to Project Cost Engineers assigned to each one 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 contingen
- 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 Completi
- 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.
- Develop and maintain Work Breakdown Structure (WBS) and Cost Breakdown Structure (CBS) for the overall Onshore project consistent with project scope and reporting structures requirements across projects.
- Facilitate the monitoring of FEED and Contractors and project's cost performance compared to agreed control plans and recommend corrective plans as required during project execution with the appropriate PMT personnel.
- Monitor, review and endorse FEED and Contractors deliverables in terms of VOWD reporting, Trend Management and Earned Value Analysis.
- Advise Head Project Controls and NFE 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.
- 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 for managing Project Cost ensuring accuracy, integrity and consistency of data.
- Provide support for tenders' technical evaluations during 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 Onshore committees.
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