Following the PTS merger, ETSD restructured its organization and is now composed of seven divisions. ETSD’s Organizational Model now segregates between core governance, support, administrative and strategic functions. This helps improve performance and ensure continuous development and growth. RESTRUCTURING
DIVISION NAME COST ESTIMATION
TO ENSURE NEOM IS COST-EFFICIENT BY BLENDING WORLD-CLASS COST ESTIMATION PRACTICES WITH ADVANCED DIGITALIZATION TO PROVIDE UNPARALLELED BUSINESS SERVICES
MISSION
1. Provide oversight for contractor-developed cost estimates through cost benchmarking 2. Prepare “Company Estimates” to evaluate the required funding and compare with bids and tenders 3. Develop NEOM’s next-generation cost estimating requirements, standards, and procedures 4. Integrate cost estimating practices into all acquisition and project management processes and project management processes, including preparing Company Bids 5. Build and maintain a cost estimation database with realized and trending costs to enable business intelligence 6. Assisting our colleagues around NEOM with ad-hoc urgent and time-sensitive tasks to unlock value and maintain schedule.
KEY FUNCTIONS
DIVISION NAME FACILITIES PLANNING
TO ALIGN NEOM PLANS AND DEVELOPMENT WITH ITS STRATEGY AND MAXIMIZE THE BUSINESS VALUE OF ALL DESIGNS, BY ENGAGING NEOM STAKEHOLDERS IN A HOLISTIC APPROACH
MISSION
1. Strategy Implementation - Ensure Regional Plans and Developments are aligned with NEOM Strategic Objectives. 2. Development Optimisation - Review Masterplans & Asset design to maximize the development value. 3. Economic SustainabilitY - Review and Validate NEOM Development Life Cycle Cost and Revenue. 4. Assets Fit For Purpose - Provide Technical and Development Support to NEOM Stakeholders (e.g., IAB, VE, CD) 5. Impact Assessment - Assess the Contribution of NEOM Developments to the initial Strategic Plans.
KEY FUNCTIONS
ETSD QUARTERLY REPORT | Q1 2024
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