Nargiz B.

Risk Manager Consultant

Munich, Germany

Experience

Jul 2025 - Present
5 months

Risk Manager Consultant

FRIEDRICH VORWERK Unternehmensgruppe

  • Developed and implemented the risk management policy and plan to standardize risk identification, assessment, and mitigation processes.

  • Conducted comprehensive risk assessments on material quantities, procurement schedules, and contractor performance to ensure accurate forecasting and prevent delays.

  • Developed and maintained a risk register covering technical, financial, safety, quality, and environmental risks, focusing on quality assurance and quantity control.

  • Collaborated with engineering, procurement, and construction teams to identify deviations in material usage and construction standards, reducing rework incidents by 18% and saving 10% on material costs.

  • Prepared monthly risk management reports highlighting key risks such as supply chain disruptions, cost escalations, and regulatory compliance issues.

  • Led quantitative risk analyses, including Monte Carlo simulations and sensitivity analyses, to evaluate the impact of uncertainties on project timelines and budgets.

Oct 2021 - Apr 2025
3 years 7 months

Sr. Project Cost Controller

RWE Renewables

  • Oversaw DEVEX and CAPEX budgets, including cost control, cost allocation, budget planning, deviation analyses, and resource planning.

  • Developed and implemented cost control and reporting processes within project finance systems to enhance transparency.

  • Generated KPIs and progress reports for monthly steering committee packs to facilitate data-driven decisions.

  • Applied internal controls such as delegation of authority and shareholder agreement protocols.

  • Reviewed project costs to manage forecasts, risks, and opportunities and communicated findings to senior management.

  • Prepared monthly financial reports for Special Purpose Vehicles, including accruals and detailed cost analyses.

  • Coordinated CAPEX planning by challenging data inputs, aggregating assumptions, and reviewing against benchmarks and historic costs.

  • Supported modeling of project business cases and facilitated business case cycles for rigorous financial planning.

  • Developed progress and schedule control tools, produced benchmarking data sets, and created risk registers for cost and schedule risk mitigation.

  • Conducted cash flow analysis to ensure liquidity and efficient fund management.

Oct 2019 - Oct 2021
2 years 1 month

Sr. Project Cost Controller

Total Energy Germany

  • Managed full project control suite including financials, change management, procurement, executive support, and benchmarking.

  • Collated and analyzed data for "what-if" analyses at summary and granular levels.

  • Advised on variances in subcontractor and material costs, cash flow management, and schedule adherence.

  • Streamlined work packages, maintained cost ledgers, tracked VOWD, and monitored KPIs.

  • Documented and reported risk and change management processes.

  • Coordinated tender and bid planning, contract evaluation, and post-award support.

  • Monitored risk and change management to ensure project resilience.

  • Managed fixed-price, unit-based, and reimbursable contracts, ensuring compliance and processing change requests.

  • Conducted variance analysis, cost assessments, and supported contract negotiations with impact reports.

  • Oversaw progress tracking, forecasting, cost reconciliation, and invoice approvals aligned with milestones.

  • Monitored contractor performance and assisted in disputes resolution and claims analysis.

  • Prepared monthly cost control reports for senior management.

Sep 2013 - May 2019
5 years 9 months

Project Control Lead

BP Azerbaijan

  • Administered EPC, EPCM, fixed-price, unit-based, and reimbursable contracts ensuring compliance with scope, cost, and schedule.

  • Collaborated with construction teams to verify deliverables, change requests, and performance evaluations based on progress reports.

  • Monitored contractor cost control, validated invoices, tracked payments, and oversaw claim assessments and risk mitigation.

  • Supervised fixed-price contracts with structured reporting from site teams and managed reimbursable contracts validating expense submissions.

  • Ensured cost and schedule adherence in EPC contracts and coordinated EPCM contract administration.

  • Assisted in negotiating contract variations, mitigating financial risks and facilitating change management.

  • Conducted budget forecasting, variance analysis, and used earned value management and KPIs for contract compliance.

  • Worked with engineering, procurement, finance, and construction teams on tender planning, contract evaluation, and close-out procedures.

Oct 2003 - Sep 2013
10 years

Cost Engineer / Cost Analyst (Finance)

BP Azerbaijan

  • Coordinated financial accounting accruals, forecasts, and cost reconciliations, comparing results to baselines and targets.

  • Oversaw vendor and subcontractor invoice verification and approval of business expenses.

  • Formulated cost, time, and labour estimates and prepared equipment and material projections.

  • Designed, executed, and tracked project contingencies.

  • Created payment applications and reviewed alignment with job cost reports and key indicators.

  • Audited project billings against SAP data and vendor agreements.

  • Advised senior leaders on cost performance and project progress.

  • Partnered with accounting and business teams to ensure data transparency and supplied cost summaries for business reviews.

Jan 2002 - Dec 2003
2 years
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KCA Deutag Drilling & Oilfield Systems

Jan 1998 - Dec 2002
5 years
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Keppel FELS / Caspian Shipyard Company Limited

Financial Control Consultant

Aeternity Crypto Foundation

  • Developed and maintained operational budgets, forecasts, and monthly financial statements aligned with crypto project cycles.

  • Implemented cost control measures to monitor developer, marketing, and operational spend.

  • Streamlined reporting processes for grants, tokens, and fiat-based expenditures across multiple funding sources.

  • Created real-time dashboards in Excel and Power BI to track KPIs, burn rates, and liquidity levels.

  • Supported regulatory compliance and audit readiness by aligning documentation with requirements.

  • Advised senior leadership on financial risks, cost-saving opportunities, and capital allocation strategy.

  • Facilitated collaboration between tech, marketing, and finance teams to ensure financial visibility across departments.

Tools: Excel (advanced), Power BI, Jira, Power Query, internal crypto accounting tools, Google Workspace

Freelance Project Controls Consultant – EPC Project Governance

ArcelorMittal

  • Developed a project controls guideline aligning internal standards with EPC contractor deliverables and international best practices.

  • Defined standard operating procedures for financial and progress reporting to ensure consistent and reliable data exchange.

  • Established a KPI framework (cost variance, schedule adherence, earned value) to monitor contractor performance.

  • Designed reporting templates and dashboards for weekly and monthly EPC progress, risk, and cost tracking.

  • Created a resource management strategy to align manpower planning with project phases and budget constraints.

  • Provided expert input on contract structuring with enforceable reporting obligations and milestone-based financial triggers.

  • Supported change management and scope tracking to minimize risk and optimize cost control.

  • Trained stakeholders on project governance protocols, contractor oversight, and performance evaluation techniques.

  • Acted as liaison between project management, finance, and EPC teams to improve communication and decision-making flow.

Tools: SAP, MS Project, Primavera, Excel, Power BI, Document Management Systems

Summary

  • VP-Level Reporting
  • 25+ Years in Project and Finance Control
  • Budgeting, Forecasting, and Contract Management Expert

Finance & Project Controls Consultant with 25+ years of international experience in energy, EPC, and infrastructure projects. Proven expertise in SAP, Power BI, and Primavera, delivering cost transparency, project governance, and financial control. Skilled in leading CAPEX/DEVEX budgets, KPI-based reporting, and stakeholder alignment.

My extensive skill set encompasses budgeting, forecasting, and contract management, ensuring meticulous financial control. I'm well-versed in utilizing Cost Breakdown Structure (CBS) and Work Breakdown Structure (WBS), allowing me to drive efficiency in project execution.

My role as a key project and financial analyst has enabled me to collaborate closely with project planners, cost engineers, document controllers, logistics specialists, EPCM contractors, and facilities' suppliers.

Languages

English
Advanced
Russian
Advanced
German
Intermediate
Turkish
Intermediate

Education

Azerbaijan State University of Economics

Bachelor’s Degree · Business Operations & Management · Baku, Azerbaijan

Certifications & licenses

PMP

PMI

Scrum Master I

Scrum.org

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