Head of Cost Control

-Experience Required—

Key Job Accountabilities

•   Develop and maintain a set of Project Cost Control procedures, guidelines and flow charts to meet project requirements along with a standard cost reporting process across all project EPC Contracts.

•   Ensure cost data integrity across all EPC Contracts and make sure cost information is accurately compiled and reported to Project Management to provide visibility on overall project cost status and performance.

•   Direct project team and provide guidance and expertise to Project Cost Engineers assigned to each one of the EPCs 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 contingency management and expenditures allocation.

•   Develop a unified cost allocation mechanism across project EPCs to allow accurate cost sharing of common expenses mainly Operation and owner’s cost.

•   Support the Business Manager and lead the financial input into Funding Packages submittals, e.g. Advance Commitments (ACs), Full Funding (FF) and Supplementary Funding wherever required, to ensure that all necessary funding is provided.

•   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 package Onshore project consistent with project scope and reporting structures requirements across project EPCs. 

•   Facilitates the monitoring of FEED and EPC contractors and project’s cost performance comparing to agreed control plans and recommends corrective plans as required during project execution with the appropriate PMT personnel.

•   Advise Head Project Controls and package Project Leadership Team of any potential cost issues, provide guidance on corrective action 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.

•   Provide support for EPC tenders technical evaluations during Pre-EPC 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 package committees.