To control and report on the financial or cost status of the project and highlight any deviations timeously.
Provide costing function strategies
- To provide support in delivering a complete suite of cost-control services and financial consignments to the Project team.
- To provide cost input and to implement the cost element of risk management plan
- To ensure adherence to the segment financial, business and project processes.
- To provide input in the cost control strategy, plans and procedures.
- Stay abreast of new trends and innovations
Provide cost control support during project lifecycle
- To understand the scope of work and obtaining relevant documentation by
- Getting the estimate for a specific project
- Ensuring that both the client’s and company requirements are clear and understood
- To develop a project budget ensuring pre – budget steps are taken by:
- Defining the work breakdown structure, aligning to project strategy and PMO and getting it signed off
- Developing CBS’s, finalising them and getting them signed off.
- Finalising the set budget, making changes if necessary, and input approved data on the relevant system.
- To ensure forecasting of financial project cost and trending
- To ensure continuous contact with the project team on a regular basis.
- To manage the close-out process of budget /actual data by:
- Summarising the history of the project in the report
- Conducting checks and balances to track between commitment and actual
- Indicating the lessons learned during the project in the report.
Client Relationships (internal & external) & Reporting
Ensure team participation by:
- Attending and participating in the following meetings:
- Project Kick off meeting
- Progress and co-ordination meeting
- Risk analysis meeting
- Project Review meeting for a specific project
- To deliver Dashboard reports during the project
Internal Reports:
- WIP Summary Report (which entails cost allocation)
- Labour Man-hour Report
- Call Forward Report (budget vs actual)
- Change order report
- Internal Management Report (Cash flow, commitment, issues major variances and ledger)
- Purchase order Report
- Project History Report
- Sundries Report
External Reports:
- Cash Flow Report
- Client management Report
- Direct Field Cost (DFC) Report
- Actively promote the Company's professional image, both internally & externally