Summary
Overview
Work History
Education
Skills
Languages
Timeline
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Raymond Karout

Linkedin.com/in/raymondkarout

Summary

Project Controls Manager with a proven track record, leveraging expertise in Earned Value Management and financial reporting to optimize project performance. Skilled in Power BI and VBA coding, I drive process automation and enhance stakeholder communication, achieving significant cost savings and improved project delivery efficiency.

Overview

13
13
years of professional experience

Work History

Project Controls Manager

Aecon Infrastructure
Toronto
04.2024 - Current
  • Analyzed contractual obligations regarding scope changes that affected project timelines and budgets.
  • Tracked, managed, and forecasted the financial performance of our construction projects.
  • Developed dashboards for real-time updates on key performance indicators utilized by senior management.
  • Implemented Earned Value Management (EVM) and analyzed key metrics: CPI, SPI, CV, EAC...
  • Provided guidance to team members on best practices for effective project delivery.
  • Monitored progress against baseline plans, identifying potential risks or issues proactively.
  • Maintained project control systems for tracking costs, scheduling, and quality assurance.
  • Negotiated with stakeholders and suppliers to secure necessary resources and materials.

Cost Controls Manager

Bechtel Corporation
Toronto
10.2022 - 04.2024
  • Managed a budget of 30 Bn CAD for a subway extension project.
  • Provided consulting services to the client on how to improve processes, manage project budget, and control variations. This involved leveraging my expertise in financial management and project controls to develop customized solutions that met client's needs and objectives.
  • Developed Project Financial Status Reports, forecasting Revenues, Costs, Working Capital, Hedging, and Gross Margins.
  • Optimized and automated client processes and analytical tools, utilizing Visual Basic coding and Power BI to connect, integrate, and analyze data from diverse sources. This resulted in increased efficiency, reduced errors, and enhanced data accuracy.
  • Liaised effectively with different departments and contractors to monitor progress, costs, accruals. This involved building strong relationships with stakeholders and effectively communicating project updates and recommendations to senior management and client.
  • Created and implemented staffing plans that optimized team performance while increasing gross margins.
  • Developed and maintained multiple periodic reports for the Subway extension project, including financial reports, cost reports, project performance metrics, cash flows, costs and commitments, accruals, trends, and variations.
  • Project: Ontario Line

Senior Project Controls Engineer & Reporting Manager

Bechtel Corporation
Neom
10.2021 - 09.2022
  • Managed a budget of over 110 Bn CAD as part of the largest project in the world to date. This involved developing and maintaining detailed financial plans, forecasts, cash flows, trends, and monitoring actual expenditures, hours, & quantities against budgets. As a result of my efforts, the project improved in meeting milestones and remained within budget.
  • Designed and developed Power BI dashboards and tracking tools for 7 different departments, including Project Controls, Program Management, Human Resources, HSE, Quality, Project Delivery, and Risk Management. These dashboards provided real-time visibility into project performance, enabling stakeholders to proactively identify and address any challenges and risks. As a result of my work, project delivery efficiency and quality improved significantly, with higher levels of safety, quality, and stakeholder satisfaction. My ability to effectively manage data from multiple sources and design intuitive tracking tools has been instrumental in this success.
  • Provided innovative solutions by leveraging my computer and coding skills to optimize and automate progress reporting, cost engineering, forecasting, and progress monitoring. This involved developing custom solutions using VBA, Power Apps, and Power Automate to streamline data collection and analysis, resulting in more accurate and timely reporting.
  • Analyzed quality of contractors' deliverables and consolidated recommendations to senior management team and client.
  • Maintained strong relationships with clients, management teams, and departments, and fulfilled all project controls contractual requirements.
  • Developed and maintained a comprehensive risk register, facilitated risk workshops, and provided expert advice on schedule and cost risk analysis. This involved identifying potential risks, assessing likelihood and impact, and developing risk mitigation strategies.
  • Project: Neom

Estimation & Proposals Manager

Butec Enterprise
12.2016 - 10.2021
  • Successfully led proposal efforts for projects in multiple countries including Lebanon, Jordan, KSA, UAE, Qatar, Algeria, Senegal, and Iraq. My efforts included developing proposal strategies, coordinating & managing cross-functional teams, ensuring compliance with proposal requirements, developing cost estimates, and preparing technical proposals.
  • Developed bottom-up estimates including direct costs (workforce, material, and equipment), indirect costs (mob, demob, logistics) and overhead and financial costs for large scale multi-discipline regional projects (CAPEX >1.5 Bn CAD) under different contract models.
  • Developed project execution schedules (primavera/ MS project).
  • Analyzed company's competition and devised winning bid strategies by leveraging my strong analytical skills and innovative thinking. For instance, successfully re-engineered a reverse osmosis plant design, resulting in a 50M USD reduction in CAPEX costs, as well as optimizing its project schedule by 3 months. Additionally, optimized logistics and warehouse handling for a seaport project involving ships, trucks, and food processing, resulting in improved project execution and greater value creation.
  • Negotiated bids with clients, partners, and suppliers, resulting in increased project profitability, and quality.
  • Streamlined workflows by leveraging my coding skills to automate manual tasks, resulting in increased efficiency to meet tight deadlines.
  • Established and standardized departmental procedures and forms, ensuring consistency and efficiency in project management process.
  • Types of Projects: Industrial, Oil & Gas, Power, Airport, Infrastructure, Water, Waste Treatment, Renewable Energy, Offshore Works, Commercial, Residential, Data Centers, Rail

Project Engineer

Debbas Enterprise
12.2012 - 12.2015
  • Improved building designs while maximizing project value.
  • Oversaw site construction installations and activities.
  • Negotiated and managed subcontracts, handled procurement, and developed project plans.
  • Prepared comprehensive submittals for mechanical equipment, including all required technical data.
  • Generated significant cost savings through strategic analysis and effective negotiation.
  • Notable projects included Sama Beirut (52-story tower) and Kempinski Summerland Resort.

Education

Master of Business Administration (MBA) -

American University of Beirut
Lebanon

Mechanical Engineering -

American University of Beirut
Lebanon

Skills

  • Microsoft tools and VBA coding
  • Power BI
  • AutoCAD & Revit
  • Ineight Estimate (Hard Dollar)
  • Primavera, MS Project
  • Leadership
  • Process optimization and automation
  • Analytical skills
  • Earned value management
  • Financial reporting

Languages

  • English
  • French
  • Arabic

Timeline

Project Controls Manager

Aecon Infrastructure
04.2024 - Current

Cost Controls Manager

Bechtel Corporation
10.2022 - 04.2024

Senior Project Controls Engineer & Reporting Manager

Bechtel Corporation
10.2021 - 09.2022

Estimation & Proposals Manager

Butec Enterprise
12.2016 - 10.2021

Project Engineer

Debbas Enterprise
12.2012 - 12.2015

Master of Business Administration (MBA) -

American University of Beirut

Mechanical Engineering -

American University of Beirut

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Raymond Karout