Ensure the project cost are managed with global standard tools and processes
- Ensure budgeted values are aligned with historical performance
- Reviews project schedule and progress to identify cost risks and opportunities
- Reviews project scope evolution to identify cost risk and opportunities
- Reviews functional execution and events to identify cost risks and opportunities
- Provide cost analytics using project information and analysing cost and productivity trends
- Own and drive the Budget Deviation Process with tools
- Drives a regular cost operating rhythm to discussion risk and opportunities
- Develops cost forecasts based on functional input and analytics, challenges functional estimates where needed
- Checks and controls cost movements, compares with current scope and progress as well as with previous forecast. Also Compares with productivity factors and validates accuracy of estimates
- Communicates cost status/forecasts/risk to functional cost owners and drives/supports risk mitigation
- Presents all financial data in a transparent way, attends project and management review to present cost status and actions
- Aligns with Finance Controller to ensure reconciliation takes place between approved project financial data and books.
- Provide time based cost forecasts to support revenue recognition
• Analyse all the risks and opportunities communicate clearly priorities and potential impacts
• Support change order analysis
• Support claim preparations