The preparation and reporting of project cost budgets, and the tracking, management and reporting of project expenditure to enable robust control of projects throughout their lifecycle. Accountable for the development of project budgets, the tracking of actual and forecasted costs and the generation of cost reports, ensuring they are prepared to the required level of detail and accuracy and accordance with contractual requirements and Wood policies, procedures and standards. Supervises, guides, and manages the Cost team in terms of delegating work, reviewing the work output of the team where appropriate, providing guidance and support, and managing the development of the Cost team members. Accountable for ensuring project budgets, costs and reports are documented and auditable and that project budgets, costs and reports maintained and issued in a controlled manner. Acts as focal point for all aspects of cost support to the project team and client, managing the communications interfaces essential for the effective delivery of project cost analysis and support. Accountable for identifying areas of best practice and driving continuous improvement within the Cost team. Responsible for ensuring cost systems, process, procedures, and standards are maintained. Role may be standalone on a project or as part of a team as determined by the requirements of the project organisation.
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