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Ministry of Finance

Deputy Director (DD)/Assistant Director (AD), CP2M

Ministry of Finance

Permanent/Contract

What the role is

The Centre for Public Project Management (CP2M) is a dedicated team of engineers, architects and quantity surveyors within the Ministry of Finance (MOF) that seeks to ensure value-for-money (VfM) and prudent expenditure in major public development projects. This is achieved through the integration of engineering expertise and strategic insights to optimize whole-of-government outcomes.

What you will be working on

The DD/AD evaluates and gives technical inputs on major development project proposals that are submitted through MOF for approval. This includes projects that are submitted for Gateway Reviews, and for approval by the Development Planning Committee (DPC). He/She reports to the 2Director (CP2M). He/She is required to engage various stakeholders of a project (both public and private sector) to achieve the following technical outcomes: Evaluating Budget & Life Cycle Cost 1) Manage the MOF technical evaluation process for development projects submitted for MOF’s funding approval, which seeks to derive a reasonable total project cost and scope for budget approval 2) Identify cost drivers (e.g. high cost building elements) of development projects for cost optimisation and consider alternative design proposals 3) Apply cost optimization techniques e.g. value engineering 4) Apply data transformation techniques (e.g. normalisation of parameter changes, unit of measurement, inflation etc.) in cost analysis and evaluation 5) Make broad design assumptions and provide cost estimates for alternative designs for standard projects. Project Scope & Business Case Analysis 6) Assess the robustness of the business case at the strategic and operational level 7) Identify opportunities, gaps, issues and recommend changes to enhance value and/or reduce cost in the proposals 8) Carry out benchmarking research 9) Identify wider implications of the project e.g. governance aspects, stakeholder management requirements, risks and externalities

What we are looking for

Experience in Quantity Surveying is preferred, with at least 7 years of relevant working experience in handling development projects and has knowledge in following areas: • In-depth knowledge of construction cost estimation and management • Understanding construction and maintenance cost norms and trends • Understanding of development planning, design, procurement, construction and maintenance processes • Understanding of construction cost structure and analysis techniques • Understanding of common cost drivers and risks of budget overrun in development projects • Understanding approach to Cost Optimisation • Application of data transformation techniques (e.g. normalisation of parameter changes, unit of measurement, inflation etc) • Understanding of principles of design optimisation of buildings in terms of function and space The principal accountabilities of the DD/AD are as follows: 1) Manage the MOF technical evaluation process for development projects submitted for MOF funding approval, which seeks to right-size and right-scope, optimise design and derive a reasonable total project cost for funding approval including making broad design assumptions for provision of cost estimates on alternative designs 2) Meet desired service standards in project evaluation and advisory

About Ministry of Finance

The Ministry of Finance (MOF) is responsible for managing Singapore’s fiscal policies and the structure of its economy. We work to maintain international standards and best practices in areas such as company law, accounting standards, and corporate governance principles. We aim to advance the well-being and development of Singapore by: • achieving a balanced budget through prudent and sustainable fiscal policies; • ensuring the prudent investment of the government's reserves and other public funds; • setting out policies for government procurement, customs regulation, accounting standards and business regulation; • fostering a regulatory environment conducive to business and enterprise; and • ensuring that businesses operating within Singapore's jurisdiction are compatible with international standards and practices, in areas such as company law, accounting standards and corporate governance principles.