Project Monitoring

Role

• Project Monitoring (Senior role based on relevant experience) Experience - 5+ years Multiple locations
• Mumbai, Thane, Pune & Cuttack

1. Review and Monitoring of Project Timelines & Schedules

• Review of Master Schedule
• Summary of progress to date, Milestones and Critical Path
• Tracking of milestones against the base schedule
• Delay analysis and suggestion on corrective measures for accelerating schedule
• Impact of delays on critical activities
• Flagging non-critical activities, which are on the verge of becoming critical
• Comments / suggestions on the schedule for the next quarter.
• Tracking design changes
• Review and monitor the anticipated completion timeline
• Review and monitor the current project status
• Review and monitor the resources deployed at site; manpower, machinery, cranes etc.
• Review and highlight concerns (if any) in execution & project timelines

1. Review of Project Costs and Budget Monitoring

• Monitor expected cost to complete
• Review of project cash outflows
• Summary of construction cost incurred to date
• Cost variance with respect to business plan
• Estimation of cost to completion
• Tracking of design changes & their effect on cost & schedule
• Review of change order records.

1. Review of Project Approvals

• Review and monitor approvals obtained in the review period and highlight balance approvals to be obtained. Highlight any concerns in compliance with approval requirements
• Review and monitoring of construction in terms of compliance with approval conditions

1. Review of Procurements and Payments

• Review of the following payments made/ to be made o Purchase Order/ Agreement/ Contract o Good or Service Received Note/ Delivery Challan o Invoice
• Review of compliance to delegation of approval for purchases.

1. Review of major contracts

• Review and monitor compliance to major contracts awarded for project
• Review and highlight any concerns related to sub-contractor or major supplier for the project
• Review and monitor the construction quality plans as agreed in the contract and highlight non compliances (if any) observed during the site visits

1. Contract Management and Payment Control: § Review of supporting documents for payments related to construction activities § Check receipt and Quality Acceptance of goods / Certification of work § Comment on Authorization, Recovery of amounts, Settlement of advances § Check and review Bank guarantees / Performance guarantees § Review of Compliance to PO / WO terms
2. Cost and Cash outflows

• Review the cost budget agreed as per the sanctioned terms and monitor how the same is tracked by Finance team to identify and pointing out the variance in actuals expenses and budgets.
• Review the process for generating Cost MIS reports from the software and identifying shortcomings in the same.
• Review of cost incurred for project based on review of transactions.
• Providing recommendations on gaps identified in process and controls with regard to cost and cash flows.

1. Other Activities

• Site resource to attend various meetings of design, procurement & progress review.