Development and Review of Cost Estimation of Projects Being Evaluated During Various Stages for Obtaining Management Approvals and Updating of Cost Estimates During Project Execution.
1. Project Cost Estimation:- Coordinate with Internal and External Agencies to Develop the Cost Estimates for Various Required Isbl Units and Osbl. Review of Cost Estimates Prepared By other Agencies Ensure Proper Level and Accuracy of Cost Estimates Required for the Approval Process.
2.develop In-house Database:-develop and Maintain the Data Base for Cost Estimation.maintain Up to Date Rates for Various Construction Activities At Project Location. 3.cost Estimation Software Maintain the Cost Estimation Software Tools and Develop Own Data Base in the Same for Obtaining Accurate Cost Estimates. Coordinate with External and Internal Agencies for the Same.
3. Key Challenges :- 1.develop Cost Estimation Data Base with Limited Resources. 2.develop Cost Estimates Within Very Tight Timelines with Proper Accuracy. 3.coordinate with Internal and External Stakeholders to Respond to Any Queries On the Cost Estimation.
4. Key Decisions :- A.made By Jobholder: 1.accuracy & Level of Cost Estimates 2.formatting and Presenting the Estimates as per Requirements of Stakeholders 3.review of External Cost Estimates & Verification of the Same Whenever Required B.recommendations to Superior:- 1.cost Estimation Systems 2. Any Grey Areas in the Estimates 3.review of External Estimates for Acceptance.
a. Internal Interactions: - 1.refinery and Petrochemical Project Teams. 2.refinery Operations 3.hse , Qa/qc B. External Interactions:- 1.process Licensor(s) /basic & Extended Basic Engineering Contractors. 2.vendors 3.engineering Consultants. 4.pmc/epc Contractors.
a. Financial Dimensions: - 1. Cost Estimation Reviews 2. Preparation of Cost Estimates 3. Preparing Justifications in Case of Variations.
c.functional Skills: -1.knowledge of Project Management Tools. 2.working Knowledge of all Aspects of Project.
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