Project Cost Controls

at  Colas

Tender Budget / Revised Budget:

• Preparation of the detailed Target budget and any revised budget (at 20%, 50% and 80% progress) for the assigned scope of work.
• Define the schedule of the target (or revised) budget preparation and communicate it to the team, follow its timely implementation.
• Prepare the main hypothesis.
• Lead the process until its closing, having active exchanges with budget owner.
• Detailed analysis of variances and proposed plan of actions in liaison with budget owners and validation by the Project management team.

Monthly Cost Control:

• Liaise with budget owners to obtain the progress after the monthly cutoff date.
• Analyze the progress declared by the budget owners to ensure accuracy and consistency for month over month reporting.
• Generate the earned values and compare with the actual cost and liaise with the finance department.
• Compare, analyze and propose actions to mitigate potential overruns and improve savings in close coordination with the budget owners.
• Identify red flags regarding potential major losses.
• Compare earned value with the forecast.
• Lead the reviews of the Cost Control report with budget owners and project management team for final review and approval.

Risk Management:

• Ensure a monthly review of the risks and opportunities register and analysis of mitigation/improvement plans.
• As needed capture the updates of the R&O register
• Facilitate workshops/meetings between all parties to identify and categorize threats and opportunities.

Review and submission of reports:

• Inputs to JV’s monthly reports as requested to issue to each JV partner.
• Inputs to Monthly report to JV’s Executive committee.
• Inputs to any other forums as needed.

Extension of Time:

• Support of Commercial / Claims team to provide actual and forecasted costs.
• Support the project management in the decision-making process by providing all information and analysis related to costs.
• Carry out an active role in trouble shooting project costs related issues.
• Any other tasks assigned by the Project Controls Manager.