Jgm-cost Control
8 months ago
**ACCOUNTABILITIES
**ACTIVITIES
**Project Cost Control**
Monitor and Control Project cost/ expenditure from Concept to Commissioning Stage
Analyse variance in cost and schedule and recommend corrective actions
Establish cost trends, identify deviations, prepare remedial action reports for all levels of Project Activities
Prepare periodic Cost Reports covering Approved budget, Actual Costs, Expected to complete and Forecast Costs of the Project
Verify invoices from Consultants, EPC Contractors, Suppliers and Vendors. Report and manage the scope change / change orders
Set priority on release of payments.
Develop and implement a basic change management system for engineering and construction
Review and endorse progress against cost/schedule baselines and forecast prepared by contractors.
Review and endorse progress measures reported by the contractor
Having Estimation Knowledge to review cost basis of contractor’s Change Proposals / Orders in EPC domain
Knowledge in the use of Cost Control software and SAP /ERP software’s is highly advantageous
Experience in Engineering, Procurement and Construction (EPC) domain.
**Develop In-house database**
Establish accurate, reliable cost database at activity level, WBS level, cost head level
Track consumption of resources / man-hours, to establish cost to productivity
**Cost Control Tools**
Operate Cost Control Tools, establish the measuring and reporting metrics
Ensure high level of accuracy and reliability in reported data
Be proactive in employing tools to catch trends and deviations
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