Project Cost Management Manager

Confidential Government; Riyadh; On-site; SAR 180,000 - 300,000; Full time

Job summary

Confidential Government is seeking a Cost Manager to lead project cost planning, monitoring, and forecasting for real estate development initiatives in Riyadh. You will provide reliable visibility of budgets, commitments, expenditure, and anticipated final costs to support informed decision making and delivery within approved budgets.

The role involves developing cost plans, tracking variances, coordinating with Development, Project Management, Procurement, Contracts, and Finance, preparing cash

Responsibilities

• Develop and maintain project cost plans, baseline budgets, and cost breakdown structures across the development lifecycle.
• Monitor actual costs, contractual commitments, accruals, and remaining expenditure against approved budgets.
• Prepare and regularly update estimates to complete and estimates at completion, documenting assumptions and potential cost exposures.
• Analyze cost variances, identify emerging overruns, and recommend corrective actions.
• Manage the cost change register and assess the financial impact of scope changes, variation orders, claims, and project delays.
• Coordinate with Development, Project Management, Procurement, Contracts, and Finance teams to ensure consistent and accurate cost information.
• Review tender submissions, procurement recommendations, and contract awards against approved cost plans and available budgets.
• Prepare project cash flow forecasts aligned with delivery schedules, procurement plans, and payment milestones.
• Produce monthly cost reports and management dashboards covering budget performance, commitments, forecasts, risks, and contingencies.
• Monitor contingency utilization and maintain visibility of project cost risks and opportunities.
• Review contractor and consultant payment information with relevant teams to ensure accurate cost reporting.
• Maintain project cost data within ERP and project management systems, ensuring reconciliation with financial records.
• Support development feasibility reviews, value engineering exercises, and investment decisions through cost analysis.
• Establish consistent cost management procedures, reporting standards, and controls across the project portfolio.

Job description

Job Purpose

Lead project cost planning, monitoring, and forecasting across real estate development projects. Provide reliable visibility of budgets, commitments, expenditure, and anticipated final costs to support informed decisions and delivery within approved budgets.

Key Responsibilities

• Develop and maintain project cost plans, baseline budgets, and cost breakdown structures across the development lifecycle.
• Monitor actual costs, contractual commitments, accruals, and remaining expenditure against approved budgets.
• Prepare and regularly update estimates to complete and estimates at completion, documenting assumptions and potential cost exposures.
• Analyze cost variances, identify emerging overruns, and recommend corrective actions.
• Manage the cost change register and assess the financial impact of scope changes, variation orders, claims, and project delays.
• Coordinate with Development, Project Management, Procurement, Contracts, and Finance teams to ensure consistent and accurate cost information.
• Review tender submissions, procurement recommendations, and contract awards against approved cost plans and available budgets.
• Prepare project cash flow forecasts aligned with delivery schedules, procurement plans, and payment milestones.
• Produce monthly cost reports and management dashboards covering budget performance, commitments, forecasts, risks, and contingencies.
• Monitor contingency utilization and maintain visibility of project cost risks and opportunities.
• Review contractor and consultant payment information with relevant teams to ensure accurate cost reporting.
• Maintain project cost data within ERP and project management systems, ensuring reconciliation with financial records.
• Support development feasibility reviews, value engineering exercises, and investment decisions through cost analysis.
• Establish consistent cost management procedures, reporting standards, and controls across the project portfolio.