Job Summary:
The Project Controls Manager is responsible for overseeing and managing the financial aspects of projects, ensuring strict adherence to budgets, identifying cost-saving opportunities, and maintaining accurate cost records. This role plays a key part in ensuring the successful completion of projects within budgetary constraints while supporting operational efficiency and strategic objectives.
Key Responsibilities:
- Develop and implement project control processes and procedures to monitor project costs, schedules, and performance metrics.
- Establish and maintain cost estimation methodologies and tools to accurately forecast project budgets and expenditures.
- Coordinate with project managers and stakeholders to establish project baselines and performance benchmarks.
- Monitor project expenditures, analyze cost variances, and identify areas of cost overruns or savings opportunities.
- Prepare and present regular project cost reports and updates to senior management and project stakeholders.
- Collaborate with procurement and contracts management teams to ensure cost-effective sourcing of materials and services.
- Lead risk assessment and mitigation efforts related to project costs and financial performance.
- Provide guidance and support to project teams on cost control best practices and compliance with budgetary constraints.
- Conduct regular audits and reviews of project cost data to ensure accuracy and completeness.
- Drive continuous improvement initiatives to optimize cost control processes and enhance project delivery efficiency.
Additional Responsibilities:
- Support cross-functional teams in achieving project objectives.
- Contribute to the development of project management standards and best practices.
- Participate in strategic planning to align project financial goals with organizational objectives.
Job Knowledge & Skills:
- Proficiency in project management methodologies and cost control techniques.
- Strong analytical skills with the ability to interpret project cost data, identify trends, and provide actionable insights.
- Advanced knowledge of cost estimation, budgeting principles, and financial forecasting.
- Excellent communication and interpersonal skills for effective collaboration with project teams and stakeholders.
- Proficiency in technology and software tools for efficient cost tracking and reporting.
- ERP knowledge, preferably SAP functional skills, is required.
Experience:
- Minimum 8 years of professional experience, including at least 5 years in a supervisory or managerial role.
- GCC (Gulf Cooperation Council) experience is preferred.
Qualifications:
- Bachelor's degree in engineering, Finance, Project Management, or a related field.
- Professional certifications in project management (e.g., PMP, PRINCE2) or cost management (e.g., CCE, AACE) are desirable.
