Responsible for the implementation of Cost Control Department-related policies and procedures.
Controlling and monitoring the projects total expenditure, including verifying and checking the invoices and claims from suppliers, vendors, and subcontractors to ensure that all project expenditures are captured and properly recorded.
Coordinating with the planning department to link the scheduled activities and progress with budgeted items and accordingly update the cost report.
Following up & coordinating with the budgeting department for any update on the approved budget.
Coordinating with budgeting departments to establish the proper coding of all activity items.
Following up on the uploading of the project budget in 5 categories and the related data in the ERP system.
Following up on the daily cost data required for the cost entries in the ERP system.
Preparing and reviewing data required for the cost report, Materials, Manpower, Equipment, Sub-cont., uncategorize cost and Indirect cost.
Periodically reviewing and analyzing the actual cost data recorded in ERP System.
Monitoring on daily basis all forms of cost control data which are applied on sites.
Following up any issued variation orders or new additional items to create them in the ERP system.
Analyzing the actual cost data to confirm it is matching the activities done on-site.
Advising the Cost Control Manager of any potential cost overrun and proposing preventive actions.
Advising the Cost Control Manager of the cost negative Variance when they occur and providing analysis of the causes of this variance and proposing corrective actions.
Calculating the Earned Value (depending on the Actual Progress on Site) and comparing it with its actual cost.
Calculating the Forecast Cost at completion & Cost variance at completion.
