Project Cost Controller
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Key skills for this role
About the Role
Establish the company’s first centralized Cost Control Department, defining clear SOPs for project budgeting, resource allocation, and cost validation. Act as the Subject Matter.
Key Skills for This Role
Responsibilities
- Establish the company’s first centralized Cost Control Department, defining clear SOPs for project budgeting, resource allocation, and cost validation
- Act as the Subject Matter Expert (SME) during the development and implementation of a new internal Cost Control Software, ensuring seamless integration with QuickBooks Online
- Define standard Work Breakdown Structures (WBS) and cost coding systems for all civil projects
- Review awarded project contracts, BOQs, and estimates to establish Zero Based Budgets and baseline allowable costs before project commencement
- Work with Project Managers to validate baseline manpower, material, and equipment allocation plans
- Implement strict 'gatekeeping' to ensure no Purchase Requests (PRs) or resource allocations are processed without budget availability
- Monitor daily manpower allocation for a 700+ workforce, tracking standard labor rates, productivity (Earned Value), and identifying idle or inefficient labor allocation
- Track actual material consumption against allowable BOQ limits to identify and mitigate wastage, pilferage, or over ordering
- Monitor plant and equipment utilization, fuel consumption, and internal rental cost allocations
- Review and validate subcontractor Interim Payment Certificates (IPCs) against actual site progress and contract terms
- Investigate and report on any significant variances between budgeted and actual costs, providing actionable recovery plans
- Prepare comprehensive monthly Cost Reports for Executive Management
Requirements
- Experience in cost control, project budgeting, or related field
- Knowledge of Work Breakdown Structures (WBS) and cost coding systems
- Familiarity with Earned Value Management (EVM) metrics
- Proficiency in QuickBooks Online or similar accounting software
- Strong analytical and problem solving skills
- Ability to work with cross functional teams
Full Job Posting
Key Responsibilities
- Establish the company’s first centralized Cost Control Department, defining clear SOPs for project budgeting, resource allocation, and cost validation.
- Act as the Subject Matter Expert (SME) during the development and implementation of a new internal Cost Control Software, ensuring seamless integration with QuickBooks Online.
- Define standard Work Breakdown Structures (WBS) and cost coding systems for all civil projects.
- Review awarded project contracts, BOQs, and estimates to establish Zero Based Budgets and baseline allowable costs before project commencement.
- Work with Project Managers to validate baseline manpower, material, and equipment allocation plans.
- Implement strict 'gatekeeping' to ensure no Purchase Requests (PRs) or resource allocations are processed without budget availability.
- Monitor daily manpower allocation for a 700+ workforce, tracking standard labor rates, productivity (Earned Value), and identifying idle or inefficient labor allocation.
- Track actual material consumption against allowable BOQ limits to identify and mitigate wastage, pilferage, or over ordering.
- Monitor plant and equipment utilization, fuel consumption, and internal rental cost allocations.
- Review and validate subcontractor Interim Payment Certificates (IPCs) against actual site progress and contract terms.
- Investigate and report on any significant variances between budgeted and actual costs, providing actionable recovery plans.
- Prepare comprehensive monthly Cost Reports for Executive Management.
Reporting and Collaboration
- Calculate and report on Earned Value Management (EVM) metrics, specifically Cost Performance Index (CPI) and Schedule Performance Index (SPI).
- Generate accurate Cost to Complete (CTC) and Estimated at Completion (EAC) forecasts to provide early visibility into final project profitability.
- Partner with the Procurement Department to ensure optimal buying strategies and adherence to the project budget.
- Collaborate with the Finance Department to ensure accurate accruals, committed costs tracking, and timely recording of project liabilities in QuickBooks Online.
- Challenge and guide Project Managers on cost saving initiatives and value engineering.
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