Project Cost Control Engineer

3 months ago


Doha, Qatar DEW WLL Full time

Primary responsibility is to manage and control the costs associated with projects, ensuring that they stay within the budget and are completed efficiently. The duties and responsibilities of a Cost Control Engineer are mentioned below.

Cost Estimation: Prepare accurate cost estimates for projects before they begin. This involves analyzing project plans, specifications, and other relevant documents to determine the resources, materials, labor, and equipment required.

Budget Development: Develop and establish project budgets based on cost estimates. This includes allocating funds to different project elements, such as labor, materials, equipment, and contingency reserves.

Cost Monitoring: Continuously monitor project costs throughout its lifecycle. Track expenses, commitments, and variations against the budget. Identify and report on any deviations from the budget.

Change Order Management: Evaluate and process change orders that may impact the project's cost. Determine the cost implications of changes in scope, specifications, or unforeseen circumstances.

Forecasting: Use historical data and project progress to forecast future costs accurately. This helps project stakeholders anticipate potential budget overruns and take corrective actions.

Cost Reporting: Prepare regular reports for project stakeholders, including management, and subcontractors. These reports typically include cost status updates, cost-to-complete projections, CPI analysis and variance analysis.

Risk Assessment: Identify and assess potential risks that could impact project costs. Develop strategies to mitigate these risks and ensure that the project remains on budget.

Resource Allocation: Optimize resource allocation by analyzing labor, equipment, and material requirements. Ensure that resources are used efficiently to control costs.

Cost Control Strategies: Implement cost control strategies to reduce wastage, improve productivity, and minimize unnecessary expenditures. This may involve negotiating with suppliers, contractors, and subcontractors to secure favorable terms

Benchmarking: Compare project costs to industry benchmarks and historical data to ensure competitiveness and efficiency.

Compliance: Ensure that all cost control activities comply with relevant laws, regulations, and industry standards.

Documentation: Maintain accurate records of all budget transactions, cost reports, change orders, and project-related documents.

Communication: Collaborate with various project stakeholders, including project managers, engineers, procurement teams, and financial departments, to ensure effective cost control and alignment with project goals.

Continuous Improvement: Stay up to date with industry trends, best practices, and emerging technologies to continuously improve cost control processes and methodologies.

Problem Solving: Address cost-related issues promptly and propose solutions to keep the project on track financially.

Experience: 5 - 8 years relevant experience in Oil & Gas.

Tools expertise - MS office (Word, Excel, PowerPoint). - Good Working knowledge on MS-Excel, AutoCAD, PDF - Knowledge of Power Bi is a valuable addition.

**Job Types**: Full-time, Permanent

Pay: QAR7,500.00 - QAR9,000.00 per month



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