|Vacany Code / Job Title
||PJG03 / Project Costing Engineer
|Scope of Work
The job holder is responsible in dealing with estimating, planning and cost control of the projects within QAFCO with the goal of ensuring that a project is executed within the approved cost and meeting the project specification. He is also responsible to support the stake holder on project profitability evaluation. He has to support Senior Project Controller in submission of required statistical reports and trend analysis on a regular basis on the projects portfolio. This role holder must ensure that all activities are carried out in compliance with the Company’s Occupational Health, Safety and Environment procedures.
Cost Estimates / Cost Database
•Be fully responsible for developing, reviewing and updating of project cost estimates at various stages of project maturity to ensure accuracy, completeness and compliance with the scope of works for various types of projects at all scales, including review of multi-discipline conceptual, detailed and definitive cost estimates.
•Support the Senior Project Controller in establishing a cost database in accordance with the best practices for cost database management. In addition, ensure that such cost database is maintained / updated regularly and is used to develop cost estimates for all projects being executed by Technical Division.
•Act as a resource for best cost engineering and estimating practices.
•Make use of available software such as ASPEN to ensure increased accuracy in project cost estimation.
•Keep informed of technological developments in the area of responsibility (cost estimation / cost database management) in order to update knowledge, identify and recommend opportunities for increased effectiveness and/or cost reduction.
•Give advice on cost estimation to stake holders with respect to the choice to be made to order to execute the project cost effectively.
Cost Control Activities
•Support Senior Project Controller in generation of management information on projects performance (cost and schedule), monthly reports, and quarterly board reports as well as monitor projects progress and update forecast projects spend.
•Assist Senior Project Controller in analyzing and reporting project variances against budgets and take actions on over and underspends, give early alarm for cost overrun of projects and provide explanation for management reporting.
Project Portfolio Management & Project Governance
•Actively contribute in updating the project portfolio from project cost and planning and reporting perspective, in accordance with the requirements of Projects Handbook and prudent practices for Project management.
•Liaise closely with all relevant sections within the company, concerning project planning, monitoring, and execution and budgeting.
•Support PCS in coordinating with various stakeholders within the Organization in preparation of the annual Capex budget, its follow–up and control of costs.
•Ensure all projects department expenses are fully allocated and absorbed into projects and work orders and work with planning and budgeting section to ensure the time writing rates are appropriate and up to date.
|Education Qualification Required
|Years Of Experience
|Vacany Posted On