Overview / Responsibilities
Assist in the development and maintenance of Project Work Breakdown Structure (WBS) and Cost
Breakdown Structure (CBS) for specific scopes
Assist in the development of project budgets in accordance with the Basis of Estimate including statements of work scope, assumptions, man-hour estimates, narratives and review & comment of client documents
Liaise with procurement, finance and time-capture functions, and third parties as required, to support accurate and timely capture of procurement, materials, subcontract and labour manhour costs, allocating costs in accordance with approved project WBS
Liaise with engineering, procurement and construction functions, and others as required, to maintain awareness of project activities and their impact on the project budget, schedule and cost forecast.
Support the project work approval process in terms of accurate cost code allocation and initial budget set-up and approvals
Assist in the development and maintenance of project cost budgets using appropriate software applications
Monitor cost commitments and expenditures through all phases of project lifecycle
Provide input to project cost performance reports in accordance with project reporting requirements
Support the preparation of updates to project cost forecasts
Assist in the monitoring and reporting on cost impact of project manpower forecasts
Assist in development of project change orders / variations in accordance with engineering and construction change notifications
May facilitate and communicate cost and schedule impact of change notifications.
Monitor overall project cost performance and contingency drawdown.
Attend project meetings as required.
Participate in the project cost close-out process.
Attend cost & estimate risk analysis sessions as required
Participate in Project Controls Compliance and Continuous Improvement Reviews
Contribute to the delivery of cost budgets and reports where;
Budgets correspond in structure and monetary value to submitted estimates, the WBS & CBS.
Original and current budgets correspond to approved estimates plus approved scope changes through the project life cycle.
Updates issued in a timely manner and cost reports are accurate within the bounds of the cost system.
Projects are reported accurately and with sufficient detail.
Project issues are highlighted in a timely manner.
Project reports are issued in accordance with the contract reporting calendar.
Scope and design development change orders are correctly identified.
Change orders are tracked and correct submittal and approval dates are entered in tracking system.
Change order status is adjusted within cost reporting system as change orders are submitted and approved.
Skills / Qualifications
Qualifications:
Typically requires ISCED level 6 (Bachelors) Degree in a relevant technical or business discipline (or equivalent gained through relevant vocational training and/or industry experience)
Knowledge, skills and experience:
Entry level role, incumbents will typically have less than 2 years experience
Good general computer skills
Basic understanding of project management principles and techniques
Personal Attributes
Demonstrates commitment to Wood Values, Visions & Behaviours
Applies analytical and statistical analysis
Ability to work independently and as part of a team
Demonstrates effective organization & planning skills
Ability to handle multiple tasks and changing priorities in a fast paced environment
Good communication skills both written and oral
Uses initiative and a proactive approach to problem solving
Commitment to continuous improvement
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