Project Controls- New Unit Projects

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Job Description


Job Description Summary
Job Description

The Project Control will be responsible for driving cross functional cost walks from OTR (order to remittance) budget at handover through completion of a new unit project. The following activities will part of the responsibilities of the Project Control on multiple projects in parallel:
Cost tracking

  • Development of cost execution plans (e.g., cost curves) by functions
  • Run weekly and monthly detailed cost reports by project scope
  • Monitor budget line items on weekly basis and identify variances above a threshold that should be escalated for mitigation
  • Maintain budget version control to ensure agreed budget changes are updated in budget forecast
  • Work with budget owners to estimate Cost to Complete based on actual costs, commitment costs, and potential variation orders
  • Work with scheduler to ensure project schedule aligned with cost curves
  • Support Bill of Quantity (BOQ) quantity tracking tied to unit costs (vs budget and latest forecast)
  • Work with business to prepare for PMR reviews on quarterly/bi-annual basis
  • Monitor/track CTC spend/release - early key indicators
  • Provide feedback to Sales/ITO (Inquiry to Order)/IPM (Internal Project Manager ( on lessons learned for future bids/budgets - current gap


Minimize leakage
  • Evaluate risk & opportunity
  • Monitor project risk release
  • Conduct ad-hoc analyses on estimating headwinds cost implications


Cost out reporting
  • Provide cost out team with cost line item assumptions
  • Support initiative owners to estimate savings associated with their cost-out ideas using GE internal cost benchmark data


Change order reporting
  • Coordinate functional estimates for change order cost
  • Track variance to budget of approved change orders (actual vs planned spend)


Claim reporting
  • Estimate costs associated with claims projects claims


Required Qualifications
  • Bachelors degree in engineering, finance, or related technical major or equivalent experience
  • Proven detailed cost analytics experience
  • Several years work experience

Desired Characteristics
. Experience in multiple functions such as engineering, sourcing, manufacturing, projects
. Demonstrated clear thinking, inclusiveness, collaboration skills, and organization
. Cost out and/or Finance experience
. Demonstrated ability to simultaneously manage multiple projects and other responsibilities, adjust to changing priorities and to make assessments with speed and accuracy based on available information
. Ability to support multiple internal customers and partners with opposing priorities in a matrixed environment,
. Excellent communication (written and verbal), and influencing skills
. High say/do ratio
. Excellent interpersonal skills

About
Job Source: jobs.gecareers.com

GE Power is a world energy leader that provides technology, solutions and services across the entire energy value chain from the point of generation to consumption. Powering more than a third of the world, it serves customers in more than 150 countries.

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