Cost Management Lead
1 day ago
Saudi Petroleum Services Polytechnic is seeking a highly experienced Cost Management Lead to join our team. As a key member of our project management team, you will be responsible for managing project costs, identifying and mitigating risks, and ensuring that all projects are delivered within budget and on schedule.
Responsibilities:- Cost Management: Develop and implement cost control procedures and best practices for projects. Review detailed cost estimates and support in developing cost baseline for projects using estimate to budget conversion. Monitor ongoing projects expenses and conduct regular cost forecasting to prompt potential deviations to the budget.
- Risk Management: Conduct risk analysis and advise on cost implications of project change. Implement cost risk management frameworks and tools for project teams to use in daily operations. Ensure consistent risk reporting and a monthly risk meeting, including communicating major risks to senior leadership.
- Collaboration: Collaborate with project managers to track and report on financial performance. Prepare and present detailed cost reports to senior management, highlighting any variances, potential overruns, and recommended actions.
Requirements:
- Bachelor's degree in engineering or a related field.
- 10-12 years of experience in Project's Cost Control, with at least three years in a management role.
- Highly proficient with cost control tools such as Ecosys, CostX, Oracle etc. and ERP systems.
- Deep exposure to Construction Cost Estimation is highly desirable.
- Strong knowledge of project schedule methodologies, tools, and techniques, with certifications such as CCP being an advantage.
- Strong leadership and management capabilities, with experience in interface roles.
- Deep understanding of project management principles, including scheduling, cost control, risk management, and resource planning.
- Expertise in portfolio management, including reporting and dashboard management.
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