Develop and maintain project budgets, collaborating with project managers and stakeholders to accurately forecast costs and allocate resources effectively.
Monitor project expenditures against budgetary constraints, conducting regular analysis to identify discrepancies and potential cost overruns.
Conduct thorough variance analysis to understand the root causes of deviations from budgeted costs, providing insights and recommendations for corrective actions.
Prepare detailed reports on project financial performance, including budget vs. actual analyses, cost forecasts, and financial projections for review by senior management and stakeholders.
Identify and assess potential risks and opportunities that may impact project costs, implementing strategies to mitigate risks and capitalize on opportunities.
Establish and enforce cost control procedures and policies to ensure compliance with budgetary constraints and financial regulations.
Collaborate closely with project managers, engineers, and procurement teams to align cost control efforts with project objectives and address financial challenges.
Implement cost tracking systems and expense approval processes to optimize cost management and ensure accurate financial reporting.
Continuously evaluate and improve cost control processes, leveraging technology and best practices to enhance efficiency and effectiveness.
Provide guidance and support to junior cost control staff, fostering a culture of continuous learning and development within the team.
required Skills and Experience:minimum 10 years working experience preferably Contracting companies experiencemust have Bachelor of Engineering in Civil/MechanicalKnowledge of Cost estimating packages such as CCS (Candy) is essentialKnowledge in Cost Management, Estimating and Change ControlComputer skills: MS applications and Primavera 6 but not essentialKnowledge of multi-project resource planningDemonstrable project and programme management experience allowing a comprehensive knowledge andunderstanding of the fundamental principles and technique
ERP knowledge preferably SAP functional skills are a requirement to be successful in this role.
