Website:
onestorylab.com
Job details:
EXP: 1-3 Years Project Monitoring Job Description Skills: cash,project,approvals,design,construction,compliance,payments,amp,completion
- Project Timelines & Schedules Review
- Review the Master Schedule and provide quarterly feedback on schedule accuracy and realism
- Summarize progress to date, milestones achieved, and conduct critical path analysis
- Track milestone adherence against the approved baseline schedule
- Analyze delays and recommend corrective or accelerative measures
- Evaluate the impact of delays on critical activities and overall project completion
- Identify non-critical activities at risk of becoming critical due to slippage or resource constraints
- Monitor and assess the implications of design changes on schedule and scope
- Compare anticipated versus actual project completion timelines and report deviations
- Review current project status and deployed resources (e.g., manpower, machinery, cranes)
- Flag execution concerns affecting timelines, quality, or safety
- Project Costs & Budget Monitoring
- Track expected cost to complete and monitor cash outflows against the budget
- Summarize construction costs incurred to date
- Analyze cost variances against the approved business plan and justify deviations
- Forecast final cost to completion using updated cost and progress data
- Assess the financial impact of design changes on both cost and schedule
- Review change order records and ensure proper documentation and approval
- Project Approvals Compliance
- Review approvals obtained during the review period and identify pending approvals
- Highlight compliance concerns related to regulatory or internal approval requirements
- Verify that construction activities align with the conditions of approved permits and authorizations
- Procurements & Payments Review
- Review payments related to:
- Purchase Orders, Agreements, and Contracts
- Goods/Service Received Notes and Delivery Challans
- Invoices and supporting documentation
- Ensure compliance with delegated purchase approval authorities and procurement policies
- Major Contracts Review
- Monitor adherence to major contracts and flag any breaches or risks
- Identify and report concerns related to subcontractors, key suppliers, or performance gaps
- Review and verify compliance with construction quality plans as stipulated in contracts
- Document and report non-compliances observed during site visits, including follow-up actions
- Contract Management & Payment Control
- Review supporting documents for construction-related payments (e.g., work completion certificates, inspection reports)
- Verify receipt of goods/services, quality acceptance, and certified work completion
- Evaluate authorization, advance recovery, and settlement procedures for compliance and efficiency
- Review bank guarantees and performance security documents for validity and coverage
- Ensure strict adherence to terms of Purchase Orders and Work Orders
- Cost & Cash Flow Management
- Review adherence to the sanctioned cost budget and escalate material variances
- Collaborate with Finance to analyze budget vs. actual variances and recommend actions
- Evaluate the Cost MIS reporting process, identify gaps, and suggest improvements
- Analyze project cost incurrence through transaction-level review
- Recommend enhancements to cost and cash flow management processes and controls
- Additional Responsibilities
- Participate in design, procurement, and progress review meetings as required
- Provide timely, data-driven insights to support decision-making by project leadership
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