Cost control:
- In close cooperation with Project managers, Develop initial project budget in consideration of the project quotation, including possible revisions considering actual project conditions and organization.
- On a regular basis, monitor actual spending as compared to budget for each Project, highlight variations and provide explanations.
- Analyze project performance in every regard that may have a significant cost impact, monitor evolutions and alert when risks are identified.
Cost forecast:
- In consideration of the project progress and of its part left to complete, assess the anticipated cost at completion and its possible evolutions.
- Alert and report when major variations arise or may arise on a project.
Cost analysis & tracking:
- Identify data within both project and production activities that may be of help evaluating next projects, use existing data, or develop further tools for performance analysis.
- Analyse data and produce information (RATIOs, S curves, etc.) to be used in costing next projects.
Preparation of offers:
- Analyze customer requests on a commercial and contractual basis, identify and report on project specific requirements.
- When required, gather information from relevant department or possibly external parties, liaise with Procurement dept. to get offers from suppliers.
- Consolidate data and produce final project budgets to be used for commercial activities.
- Assist the Business team in preparation of offer’s supporting documentation
Cost Control, Forecast and Analysis
- Participate in developing cost control tools and reports, improve project follow-up and reporting
- Follow-up actual spending on each project, has access to project financial data
- Suggest improvements in our methods and organization when a possibility for cost saving is identified
Preparation of Offers
- Coordination of, and with, personnel of other departments
- Support Tender Director in improving the Quotation process and implementing specific and effective tools for budget estimation
- Ensure gathering of information and return of experience on realized projects, consolidate data making it available for integration in next projects quotations.
- The above should not be understood as an exhaustive description of the Costing and Cost Control Officer’s main activities, and in no way should be understood as limitative of his / her actions, which could be extended by his / her own choice with approval of the company’s management, or by management request in accordance with the company’s requirement at any one time.
