Job Overview: Responsible for the following activities of the portfolio of projects in the Area: Cost Forecasting and Cost Control, Area Financial reporting, Data Analytics, Change Management, Risk and Opportunity Management, Bid support and development of Estimation Benchmarks, Development / Review of Cost Control Processes, Systems, Procedures and tools, Management of Cost Control resources in the Area, Training and development of Cost Control teams, Active engagement with other Area initiative
Key Responsibilities/Accountabilities:
- Manage diverse workforce of cost control leads and specialists on projects to ensure consistent and effective application of cost control systems, processes and tools for transparent & efficient forecasting.
- Ensure company standards for Project Controls and industry best practices are implemented on projects.
- Assist with project set-up activities including establishment of cost baseline, systems set-up and development of effective cost breakdown structure.
- Establish processes and gates for early identification of issues
- Ensure trending and forecasting processes are established on each project.
- Ensure alignment of cost forecast with project execution plans and latest available information.
- Guide cost control teams to perform cost sensitivity analysis for each phase of the project to provide certainty for financial forecasting.
- Monitor financial performance of the portfolio of projects; make appropriate recommendations to project teams / management to improve project financial performance.
- Where multiple execution methods exist, guide teams in evaluating various options and provide recommendation.
- Ensure that Change Management, Risk and Opportunity Management, and Contingency Management processes are established and functioning on each project.
- Assist Project teams with data analysis and problem solving.
- Participate in monthly project reviews with project teams and senior leadership.
- Area Financial Reporting and Data Analytics
- Responsible for maintaining key financial data from various projects to provide data analytics, trending and benchmarks.
- In conjunction with finance, provide financial updates of the Area to senior leadership for review and provide guidance on look ahead.
- Ensure all regular and any ad-hoc reports, are of the highest standards and are available for management reviews in a timely manner.
- Estimation Benchmarks and Bid Support
- Support the estimating group in providing inputs such as Project Controls procedures and estimation benchmarks.
- Participate in key bid estimate reviews.
- Processes, Systems and Procedures
- In conjunction with Global functions, active participation in review of efficiency of cost control processes and systems and provide recommendations.
- Active participation in review and updates of Area / project specific cost control procedures.
- Resource Management
- Provide functional leadership to cost control resources in the Area.
- Ensure all projects are appropriately staffed with cost control resources.
- In conjunction with Project Management and Area Project Controls Director, ensure any conflicts are resolved in a timely and effective manner.
- Work with Project Controls Managers to set goals and objectives for cost control resources.
- Develop, train and guide cost control professionals and conduct regular performance reviews
Basic Qualifications:
- Degree in Engineering or Finance preferred.
- Prior experience in oil & gas operations / Project Controls
- Excellent communication and analytical skill
- Familiarity with cost system
- Excellent command on Microsoft Excel
Company Overview:
McDermott is a premier, fully-integrated provider of technology, engineering and construction solutions to the energy industry. For more than a century, customers have trusted McDermott to design and build end-to-end infrastructure and technology solutions-from the wellhead to the storage tank-to transport and transform oil and gas into the products the world needs today.
