Senior Cost Control ....
Senior Cost Control Engineer
Posted on :
18-06-2024
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1 Vacancy
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Job Description
- Implementing management-specific policies and procedures.
- Implementing management initiatives and projects.
- Assisting in planning, monitoring, analysis, and controlling project costs, and regularly providing project-related reports on cost control.
- Assist in developing project cost control plans, procedures, systems, and tools used to determine the potential cost scope, project schedule, and reporting.
- Assisting in all requests for changes in the established total cost and the impact on the schedule.
- Adhering to approved plans for each project to ensure compliance with costs and performance for the agreed-upon scope of work in all project functions.
- Monitoring all fixed and variable costs.
- Reviewing direct and indirect cost items and identifying cost centres for each project, allocating each project to its respective cost centre.
- Contributing to the process of preparing monthly and annual cost forecasts.
- Assist in identifying and analysing deviations from the project budget, their causes, risk analysis, and raising the necessary reports, as well as suggesting corrective and preventive actions.
- Comparing actual prices for project requirements with the prices specified in the studies, highlighting deviations from the budget, and studying the feasibility of cost adjustment.
- Coordinating with project managers regarding schedules, claims, and work items, and studying the impact on direct and indirect expenses.
- Coordinating with the financial management and operations support staff to obtain current and accurate cost data for cost reporting.
- Developing cost control systems, procedures, and error detection and correction.
- Monitoring the total project expenses and participating in verifying invoices and claims, ensuring their proper recording.
- Creating cost items and assigning cost codes to procurement items.
- Preparing and updating the cost control management database and preparing monthly cost accounting and forecasting reports.
Employment Type
Full Time
Department / Functional Area
Key Skills
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