Lead Cost

1. 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.
2. 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.
3. 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.
4. Support the Business Division Manager and lead the financial input into Funding Packages
submittals, e.g. Advance Commitments (ACs), Full Funding (FF), Supplementary Funding whenever
required and recommend budget transfers to ensure that all necessary funding is provided and
Project Cost At Completion is aligned with the approved budgets.
5. 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.
6. Develop and maintain Work Breakdown Structure (WBS) and Cost Breakdown Structure (CBS) for
the overall NFE Onshore project consistent with project scope and reporting structures requirements
across project EPCs.
7. Facilitate 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. Monitor, review and endorse FEED and EPC Contractors deliverables
in terms of VOWD reporting, Trend Management and Earned Value Analysis