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Manager of Project Cost Controls
3 months ago
Our client is a reputable and well-known residential developer specializing in high rise and low rise communities. We are seeking a Manager of Project Cost Controls for a newly created department within the firm.
The Manager of Project Cost Controls will oversee and manage project controls systems, procurement, scheduling, progress and cost tracking, scope and change management, and risk management for construction projects. Ensure efficient and cost-effective project execution through effective communication and collaboration with internal teams and external suppliers.
Key Responsibilities:
Project Controls Systems & Tools
- Set project controls guidelines and responsibilities, as well as implement tools and systems necessary to effectively and proactively manage, control, and report on earned value management, cashflow, cost, revenue, forecasting and schedule (progress and projection) for projects
- Provide guidance to project controls and operations/project management teams to recognize emerging issues, leverage lessons learned and drive toolset/process adoption, ensure accuracy of key project metrics in a timely manner, and adherence to corporate guidelines and best practices
Procurement
- Manage the procurement process for general contractors, rentals, and on-site inventory purchases.
- Ensure that all procurement activities are conducted efficiently and cost-effectively, avoiding the need for tendering.
- Centralize pricing and procurement activities to achieve consistency and cost savings.
- Control and monitor expenditures to ensure all purchases and rentals are within budget.
- Explain procurement processes to construction staff, ensuring they understand when to rent or buy items.
- Implement and maintain an effective inventory management system to track on-site items.
- Centralize costing and procurement to maintain a clear overview of all expenses.
- Review invoices against contracts to ensure accuracy and prevent overcharging.
- Demonstrate a meticulous approach to purchasing, ensuring every dollar spent is justified.
- Foster a culture of financial responsibility by emphasizing the importance of cost control in procurement activities.
Scheduling
- Oversees scheduling functions to ensure projects meet standards and target completion dates
- Oversees the management of the progression of the Schedule throughout the project life-cycle
- Oversees contributions to the Baseline Schedule
- Manage the administrative procedures relating to Schedule updates
- Oversee all schedule analysis and forecasting reporting
- Contribute to all change management scheduling activities
- Attend and contribute to Handover and Kick-Off meetings
- Provide project controls input and reporting requirements during project setup
Progress & Cost Tracking
- Conducts detailed review and analysis of project performance control and reporting to understand and articulate key metrics and trending
- Ensure management is provided with timeline review and progress of all projects and activity including completion of monthly project status report and forecasting reporting and endorse suggested corrective actions to maintain the project within planned cost and schedule
- Ensures that tracking and forecasting, progress monitoring, cost reporting meet specific project requirements
- Reviews and approves all project controls reporting
- Ensures the preparation and updating of project cash flows and forecasting as required throughout the project life-cycle
Scope & Change Management
- Oversees and supports project change management, including subcontractor claims, change requests, claims and dispute resolution
Risk Management
- Identifies commercial risks and develops mitigation measures to ensure project control deliverables
- Identify opportunities of Project Controls improvement for management review and consideration
- Develop, update and manage Risk Mitigation Plan
- Collaborate on commercial Risk Identification and Assessment activities
Communication
- Key partner to Estimators, Project Managers, Operations teams and Senior Leadership
- Communicates with external clients, client groups and partners, vendors and subcontractors as required
Required Knowledge And Experience
- Education in Business or Engineering, or equivalent
- 10-15 years construction industry experience
- Proven experience and ability in planning, scheduling, financial analysis, budgeting, forecasting, estimating and cost control
- Ability to produce, read and modify schedules and scheduling curves/reports
- Proven strong analytical skills
- Excellent communication and interpersonal skills with the ability to clearly identify and articulate issues
- Proven problem solver with sound judgment who accepts ownership and accountability
- Detail oriented and customer focused
Only those suitable will be contacted. Thank you for applying
