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The Cost Control function is primarily responsible for setting the control budget, project cost controls, forecasting, analyzing forecast variances and cost/schedule performance indices. Additional responsibilities include preparation of stage gate deliverables and risk identification for the project. Also responsible for generating all monthly, bi-monthly, and quarterly reports with intended audiences ranging from local project team members to senior level company executives and the Board of Directors. The Schedule Control function is responsible for building logic driven CPM schedules in P6 and thoroughly review Contractor schedules in both P6 and MS Projects. Must be able to set a baseline, update schedules regularly, incorporate changes and inform PM and team of critical path issues and notable variances.
Job Responsibility:
Provide support to the Project Manager, project team and project cost controls staff on how cost should be planned, tracked, measured, forecasted, and reported during project execution and/or development
Monthly review of cost/cash flow forecasts with the Project Manager and extended project team to generate regular reporting requirements
Provide timely, accurate and relevant guidance, governance, and support to projects on approved cost controls standards to manage Authorization for Expenditure (AFE) components including External Engineering services, Procurement of Material/Equipment, Construction services, internal cost, Allowance for Funds Used During Construction (AFUDC), Contingency, Escalation, etc.
Maintain cost and schedule planning, tracking, and reporting tools
Possess a solid understanding and application of Earned Value Management (EVM) principles and methodology to identify, analyze and report cost risks in a timely fashion
Manage continuous and collaborative communication with Project Managers and project cost controls teams to address project cost related needs
Monitor project reporting and identify deviations from standard reports
Assist project cost controls teams with timely and accurate data gathering and delivery issues
Participate and resolve any issues in execution of joint Cost, Schedule, and Risk Health Checks to verify effective planning and implementation of cost processes
Take interest and actively participate in project meetings with vendors to understand and become familiar with changes in project status, to provide analysis of budget issues
Requirements:
Minimum ten (10) years of experience in performing cost management and other project controls functions for multiple project assignments
Overall knowledge of Project Controls principles and practical application to effectively manage project progress and performance
Proficient in Oracle, EcoSys, Excel, PowerPoint and Word
Familiar with Power BI, OneDrive and SharePoint used for documentation and reporting
Excellent written and oral communication skills with the ability to respond to information needs and present in a clear and concise manner
Experience in using and enhancing cost controls tools and associated systems
Effective analytical skills with the ability to understand detailed workflows for Engineering, Procurement, and Construction
Ability to effectively prioritize a heavy workload, bringing forward well-developed recommendations to the Project Team
Manage work successfully with limited supervision and work effectively with others to achieve group results
Work with a team dispersed over multiple locations
Nice to have:
Oil and Gas, Petrochemical, Industrial and/or Power industry experience
Bachelor's Degree from an accredited university (Business Administration, Engineering or Construction Management)
Completion of a Certified Cost Engineer (AACE's CCC/ CCE) or Project Management Professional credential (PMP)