Guild of Project Controls: Compendium | Roles | Assessment | Certifications | Membership

cost engineer, maaden, maaden

START Date: 
March, 2009
  • Prepare the monthly Cost reportin order to keep the project performance and profitability under close monitoring. (Competence: Internal Control, Management Information).
  • Generate/update presentation to Investors and Board Directors the key performance indicators like Progress, Cost reports, Manpower & Productivity on weekly/monthly and quarterly bases.
  • Communicate progress toward achieving project metrics to management.
  • Prepared VOWD (Value of Work Done) reports, Accruals information & reconciliation statements. Prepare Cash flow schedule for planned, actual and forecast.
  •  Deliver group Accounts supplementary and additional information inputs such as capital commitments, accruals analysis, operating lease information and Bank guarantees.
  • Support post contract administration including contract variations and amendments.
  • Actively participation in reconciliation and Project cost out/Handover activities.
  • Make sure that all invoices are technically correct and coded against the activities where they are budgeted.
  • Adopt Weekly/Monthly Cost meeting to discuss with site team the performance of various work packages to bring Cost awareness to all project staff in order to achieve the most favorable results and to be with-in budget allowances.

Preparation of payment valuation form in proportion to progress measurement system