Salil - Cost Control Manager
Last Updated: 26th July 2018 (over 4 years ago)
Project Management (PMP) and Supply Chain Management (CSCP) certified Mechanical Engineer.
Extensive knowledge of planning & cost control of multi-million dollar projects in Coating, Fireproofing, Insulation, Electrical & Instrumentation, Floor Coating & EIFS works.
Proven ability to work with the senior management in integrating cost control functions with overall business operations.
Primavera P6 for Project Management
— Jul 2018
Certified Supply Chain Management (CSCP)
— Dec 2014
Project Management Professional (PMP)
— Aug 2012
Bachelors in Mechanical Engineering
— May 2006
Cost Control Manager
— Jun 2018
Develop adequate policies, procedures, processes and systems for the cost control functions to maintain efficient operational excellence.
Prepare and ﬁnalize the company’s Annual Operational Plan in co-ordination with the operations & department heads.
Prepare and ﬁnalize the Business Plans for the upcoming projects and provide critical assessment of all budgets and cost projections, thereby assisting and providing support to the senior management and operations in making better informed decisions.
Perform technical and commercial review of tenders before the ﬁnalization of contracts. Review contract documents, project drawings, speciﬁcations and BOQs in order to prepare an accurate & comprehensive workable budget and cost control plan.
Involve in the development of Work Breakdown Structure (WBS) for the projects with the heads of the Estimation, Planning Dept. and the Project Manager. Perform cost budgeting to develop and ﬁnalize cost baselines for monitoring the project performance. Also, involve in the adjustment of baselines during the re-planning phase of projects.
Review, analyze and monitor the monthly progress and costs incurred in projects for revenue recognition and reporting of cost provisions in line with the IFRS standards to the CFO & Accounting Dept.
Prepare detailed monthly Project Costing & Cost Center Costing Reports showing the performance of projects, divisions, cost centers and net results of the company for presenting to the senior management, operations and department heads.
Prepare regular project performance reports along with trends, forecasts and variance analysis to provide review of project's operational and ﬁnancial performance and effectively communicate the results to all the related parties in routine meetings. Highlights signiﬁcant savings and overruns in project costs. Recommend necessary corrective measures and actions to bring the project back in line with the plan/budget.
Control the procurement of resources and expenditures of projects in co-ordination with the Planning and Procurement Dept.