Carries out project cost control activities, including budget preparation, expenditure tracking, and cost variance analysis. The role supports the project management team by providing accurate cost reports, identifying risks, and ensuring that all financial aspects of the project remain aligned with contract requirements and timelines.
Key Accountabilities :
- #Cost #Planning & #Budgeting: Develop and maintain detailed cost plans and budgets aligned with project scopes and contracts.
- #Cost #Monitoring & #Control: Track expenditures, identify variances, and recommend corrective actions to ensure financial control.
- #Cost #Reporting: Prepare accurate and timely cost reports, forecasts, and analyses for management and stakeholders.
- #Change #Management: Evaluate and control costs of project changes, variations, and claims in coordination with project managers and procurement.
- #Data #Analysis & #Forecasting: Analyze project data and trends to forecast costs and cash flow requirements.
- #Coordination: Collaborate with project managers, QS, procurement, and finance teams for seamless cost management.
- #Cost #Control #Procedures: Implement and maintain cost control systems, procedures, and best practices in line with company standards and Egyptian regulations.
- #Risk #Management: Identify cost-related risks and support the development of mitigation strategies.
- #Documentation: Maintain accurate records of invoices, contracts, and cost-related correspondence.