In Advanced Project, Project or Serial Life,the Project Economical Manager (PEM) builds and ensure the project’s cost commitment, consolidates all economic elements of the project to reach the targets and ensure the cost/performance ratio is optimal. Manages all actions with a potential cost impact.

Accountable for:

• Structure the project cost management activity according to the “Job share”, “Pay share” and RASI, as determined by the different project partners (COP and zones).
• Monitor design according to the cost objective to ensure that the TPC-Investment is optimal related to the other project objectives (performance, quality, delay, R&D expenses).
• Provide Advanced project/ Project/ Serial life Economical reporting : TPC Forecast and potential, expenses and Investment status compared to the target.
• Provide component target to Purchasing compliant with the global target to GPSC.
• Build and monitor Risk and Opportunity portfolio ( project and serial life).
• Lead cost convergence plans to reach the targets.
• Build Transformation Cost contract with Manufacturing in project.
• Manage the yearly Investment and Expenses and report to VEMO controlling.
• Landing for expenses.
• Analysis of actuals and convergence plan.
• Ensure the financial relationship with the partner within Cooperation projects (economic convergence, contract approval, reporting to the cooperation authorities).