Manager – Costing & Budgeting
Job Description
Responsibility Area
Key Activities
Indicative Performance
Financial/ Strategy
Cost Estimation
- Calculation of quantities based on drawings received
- Analysis of drawings from MEP consultants to check against established design efficiency ratio, engineering benchmarks and avenues of value engineering
- Timeliness
- Accuracy
- Cost Rationalization
Cost & Budget monitoring
- Make budget for various projects and monitor those budgets to ensure no over runs at various stages
- Cost monitoring budget v/s actual
- Creating various scenarios of revenue generation basis secondary reports and market analysis
- Comprehensiveness
- Timeliness
- Accuracy
Cost –to –Complete
- Detailed cost to complete on GFC drawings for all ongoing projects
- Revalidation of old Cost-to-complete
- Accuracy
- Minimum variation wrt cost committed
Operational
Rate Analysis
- Timely rate analysis of items required in the project (Parameter: location-wise, project type based analysis)
- Minimizing contingencies
- / risks
Annual Operating Plan
- Monitoring AOP achievement for the project, variance analysis and corrective actions
- Highlights potential variations for early mitigation
- Effective Cost & Budget monitoring
Coordination with internal stakeholders
- Coordinates within Operations team, Design and Strategy, for data and timelines
- Prepares review reports as per defined frequency and format within the Region and at HO
- Timeliness of response
Process
Process Adherence
- Complies with company defined guidelines and processes
- Adheres to project timelines
- % Process compliance
Process Improvement
- Identifies processes/procedures in own work area that needs improvement
- Recommends process improvement ideas to streamline efficiency/costs/productivity
- Initiatives taken
- Impact of process improvement ideas
- Initiates process improvement activities in own work area
- Eye for absorbing advanced techniques / technology in construction processes suitable with business requirements
Automation of processes
Capability for learning and exceling new software for automating costing and budgeting processes
Smoothness of migration
Accuracy
People
Performance Management
Defines and sets work objectives for team members
Balances work allocation in team
Reviews tasks completed by team members and conduct regular performance reviews
Completes performance appraisals of team
Performance Rating