Cost Control and Budgeting Team Lead (Project)

Bakı

Umid Babek Operating Company
Vakansiyanın yerləşdirilmə müddəti bitib

Vakansiyanın detalları

Vakansiyanın təsviri

  • Manage a team of cost engineers, estimators, and quantity surveyors, providing leadership, guidance, and support to ensure efficient and effective cost control practices.
  • Develop and maintain relevant project documents, including cost control plans, procedures, and guidelines, to ensure consistent and standardized cost management across projects.
  • Create and implement a comprehensive cost breakdown structure (CBS) that aligns with project objectives, work breakdown structure (WBS), and cost coding systems to enable accurate tracking and reporting of costs.
  • Analyse, track, and report project-specific financial Key Performance Indicators (KPIs), such as cost performance index (CPI), earned value, and variance analysis, and effectively communicate their status to the project team.
  • Review, monitor, and analyse committed, expended, earned values, and forecasted costs for packages against the approved budget and approved changes, identifying any deviations or potential risks.
  • Develop accurate project budget estimates, considering all relevant cost elements, and provide inputs for cost control measures.
  • Ensure continuous and proactive communication with the procurement team, keeping them informed of project budget estimates and updates to facilitate informed decision-making during vendor selection and contract award processes.
  • Provide commercial evaluation inputs and insights to the procurement team to support contract negotiations, ensuring alignment with project budget estimates.
  • Oversee contractors' Cost Time Resource (CTR) management, reviewing and assessing their cost-related performance and providing guidance to ensure adherence to budgetary constraints.
  • Collaborate actively with the Finance Department on all matters related to cost and accounting, including commitments, invoice processing and payment, accruals, payment claims, and disputes, ensuring accurate and timely financial information.
  • Participate in project meetings as required, providing cost control insights and recommendations, and actively engaging with stakeholders to align cost management activities with project goals.
  • Gather, prepare, and analyse data for Risk Assessments, ensuring that risk information is incorporated into the project forecast and budgeting processes.
  • Foster effective collaboration with project stakeholders, including project managers, engineers, and other team members, to ensure cost control considerations are integrated into project planning and decision-making processes.
  • Continuously improve cost control processes and systems, identifying opportunities for optimisation and implementing best practices to enhance project cost management.
  • Provide guidance and support to the cost team, promoting their professional development and enhancing their cost control skills and knowledge. 


Xüsusi tələblər

  • Minimum 7-10 years of cost engineering experience.
  • Major project cost engineering experience is mandatory.
  • Ability to work effectively in a fast-paced, dynamic & multicultural work environment.
  • Professional affiliation(s) with international institutions would be beneficial.
  • Excellent communication and interpersonal skills.
  • Strong problem-solving and analytical skills.
  • Experience within the oil and gas industry would be beneficial
  • Extensive knowledge and experience in cost engineering principles and methods, including budgeting, forecasting, change management, Cost and Work Breakdown Structures (CBS/WBS), Earned Value Systems (EVS), and contingency management.
  • Proficiency in utilizing budget and cost control tools such as SAP, Excel, Power BI, and other commercial project cost control tools.
  • Strong analytical skills with the ability to interpret and analyse cost data, identify trends and make informed decisions.
  • Demonstrated expertise in project budget estimation techniques, including top-down, bottomup, parametric, and analogous estimating.
  • Knowledge of industry best practices for budget estimation and successful management of cost control processes, including cost reporting, forecasts, commitments, budgets, VOWD, variance analysis, contingencies, period close and reconciliation, earned value progress, trend analysis, and invoices processing.
  • Good knowledge of quantitative cost based risk analysis techniques.
  • Familiarity with project management practices, methodologies, and financial Key Performance Indicators (KPIs).
  • Excellent communication skills, both written and verbal, to effectively convey complex costrelated information to diverse stakeholders.
  • Detail-oriented with a focus on accuracy and precision in cost calculations and analyses.
  • Proficient in using technology tools and software to enhance cost control processes and improve efficiency. 


Application deadline: 15/02/2025 

For applications, please submit your CVs to the [email protected] email address by indicating the name of the position.


Müraciət etmək üçün: [email protected]
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