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How to make your project finish safely having a good cost control?

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Question added by ayman saffan , guarantee engineer and have the competence of site manager , MHI (Mitsubishi Heavy Industries)
Date Posted: 2015/10/05
Subramanian Karuppiah
by Subramanian Karuppiah , Finance Business Partner (Business Unit Cost Control) , Urbacon Trading & Contracting (UCC), Qatar & Saudi Arabia

To ensure safe closure of project, below key points of cost control to be taken care of:

1) Analysis of Cost variances (actual expenses compared to Budget) and manintaining consistency of financial information to make sure cost within control of Budget.

2) Proactively raise early warning signals on the cost overruns, profitability and completion Period

2) Act as the gate keeper for the controllership/compliance issues

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