Cost Control Specialist
4 days ago
Job Overview:
The Principal Project Controls Administrator is responsible for assisting in project cost and schedule forecasting using the associated Project Cost Management systems. This position typically reports directly to the Project Manager.
Responsibilities and Duties:
- Reports to the Lead Cost Specialist or Project Controls Manager for both internal and external reporting purposes.
- Maintains communication within the Cost and/or Project team to provide necessary information about assigned duties.
- Is responsible for setting up and maintaining communication with disciplines in the Project team (Engineering Disciplines, Procurement, Subcontracting, Construction, and Fabrication as applicable).
- Assists the cost team in setting up internal and external cost reporting, forecasting, and change management systems.
- Set-up Cost control system on a project, based on McDermott internal requirements and project (contract) requirements.
- Becomes familiar with procurement, estimating, and planning & scheduling, and finance and accounting techniques, as well as cost control tools and best practices.
- Prepares parts of an EPC cost database for job parts assigned under supervision.
- Uses cost trending tools based on earned value principles, adhering to company standards.
- Prepares preliminary cost/quantity analysis for job parts assigned under supervision.
- Prepares a cost forecast at project completion based on an estimate-to-complete for remaining work and registered expenditures & commitments on job parts assigned under supervision.
- Assists in setting-up and maintaining a change management system under supervision.
- Executes lower grade tasks as necessary and works on multiple projects as required.
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