Cost control
On a regular basis, monitor actual spending as compared to budget for each Project, highlight variations and provide explanations.
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.
Analyze project performance in every regard that may have a significant cost impact, monitor evolutions and alert when risks are identified.
Cost forecast
Alert and report when major variations arise or may arise on a project.
In consideration of the project progress and of its part left to complete, assess the anticipated cost at completion and its possible evolutions.
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.
Assist the Business team in preparation of offer’s supporting documentation
Consolidate data and produce final project budgets to be used for commercial activities.
When required, gather information from relevant department or possibly external parties, liaise with Procurement dept. to get offers from suppliers.
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
f
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
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.
Ensure gathering of information and return of experience on realized projects, consolidate data making it available for integration in next projects quotations.
