Job Purpose
To manage, monitor and report on all the projects Budget, Cost and resources data.
Principal Accountabilities:
- Assisting in planning, monitoring, analysis, and controlling project costs, and regularly providing project-related reports on cost control.
- Assist in developing project cost control plans, procedures, systems, and tools used to determine the potential cost scope, project schedule, and reporting.
- Assisting in all requests for changes in the established total cost and the impact on the schedule.
- Adhering to approved plans for each project to ensure compliance with costs and performance for the agreed-upon scope of work in all project functions.
- Change Management (Variations and Claims) regarding any financial aspect.
- Experience in working and utilizing Oracle ERP.
- Monitoring all fixed and variable costs.
- Resource utilization management in coordination with operations team.
- Reviewing direct and indirect cost items.
- Contributing to the process of preparing monthly and annual cost forecasts.
- Assist in identifying and analysing deviations from the project budget, their causes, risk analysis, and raising the necessary reports, as well as suggesting corrective and preventive actions.
- Comparing actual prices for project requirements with the prices specified in the studies, highlighting deviations from the budget, and studying the feasibility of cost adjustment.
- Coordinating with project manager regarding schedules, claims, and work items, and studying the impact on direct and indirect expenses.
- Coordinating with the financial management to obtain current and accurate cost data for cost reporting.
- Developing cost control systems, procedures, and error detection and correction.
- Monitoring the total project expenses and participating in verifying invoices and claims, ensuring their proper recording in Oracle ERP.
- Preparing and updating the cost control management database and preparing monthly cost accounting and forecasting reports.
- Ensuring the completion and timely submission of reports and preparing reports in case of any obstacles or financial risks.
- Reviewing Manpower and equipment productivity on-site and providing related reports.
Requirement:
- Bachelor Engineering, Construction Management
- 7 years of relevant experience in the Mega Projects construction.
- 5 Experience in Change Management
- Experience in Oracle ERP.
- PMP Certificate
