Jobs in UAE – This role is responsible for tracking the actual against planned expenditures of the projects. Working closely with the procurement & planning engineers, he will determine the financial value of the work done & proactively provide accurate, timely & rigorous estimates and reports of Forecasted Final Costs.
-Develop Generic Projects Cost Structure & Cost Account Codes Directory under Standard Work Breakdown Structures for various generic project types
-Prepare project cost estimate of resources & other expenses through discussions with functional leaders in a timely manner using generic cost structure, which is suitable for cost tracking in the project life cycle
-Prepare ‘Budgeted Cost of Work Scheduled’ (or Spent Profile), discuss & agree with the functional leaders
-Assist Project Planner in entering the cost estimate in the project plans in Primavera or other Project Management tools, as required
-Generate weekly and monthly cost reports in tabular and graphical formats for each project in Primavera or other tools, including but not limited to ‘Earned Value Report’, ‘Plan Spent versus Actual Spent’ etc
-Revise project cost estimate at the end of every reporting period to generate ‘Forecast At Completion’
-Facilitate and provide information to Accounts Department for accrued invoices at required frequency or predetermined project payment milestones so the invoices can be issued to the clients & maintain Invoice Register
-Perform cost analysis & advise project leaders on cost over-runs in a timely manner so the corrective actions can be taken
-At the time of project completion, record cost information in project database (Primavera’s Methodology Manager or any other tool, as required) using standard cost structure and utilizes this cost database for future project cost estimation
-Maintain electronic & hard copy filing for project cost reports & other cost related documents

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