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Cost Management Specialist
3 months ago
The Cost Management Specialist will play a pivotal role in overseeing and enhancing the cost management processes within our projects at SYSTRA. This position involves a variety of responsibilities aimed at ensuring financial efficiency and accuracy throughout the project lifecycle.
Key Responsibilities- Development of Cost Management Procedures: Collaborate in formulating and refining procedures for the cost management system, while establishing the Primavera Contract Manager (PCM) as a primary tool.
- Implementation and Maintenance: Ensure the effective implementation and ongoing maintenance of the Primavera Contract Manager.
- Budget and Schedule Setup: Configure the project budget and establish a schedule of lump sum prices within the Primavera Contract Manager framework.
- Review of Contractual Documents: Examine the submitted Bill of Quantities for the Design-Build Contract, ensuring alignment with the Program Work Breakdown Structure (WBS) and the cost management report.
- Change Log Management: Maintain a comprehensive log of all approved and disapproved changes to project budgets.
- Cash Flow Projections: Assist in the preparation of cash flow and encumbrance forecasts.
- Cost Forecasting: Conduct analyses to forecast costs effectively.
- Earned Value Analysis: Generate and interpret earned value reports to assess project performance.
- Cost Trend Monitoring: Continuously monitor and report on project-level cost trends.
- Payment Requisition Review: Scrutinize payment requisitions for consistency and disallow any inappropriate costs in invoices.
- Provision Tracking: Keep track of provisional sums and contingency allocations.
- Executive Reporting: Prepare detailed executive information summary reports for program management personnel.
