Cost Controller
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About the Role
Position: Cost Control Engineer Location: Project based Job Purpose: Implement cost control procedures and analyze project costs to ensure alignment with budgets, providing reliable forecasts and supporting effective project decision-making.
Key Skills for This Role
Full Job Posting
Position: Cost Control Engineer
Location: Project based
Job Purpose
Implement cost control procedures and analyze project costs to ensure alignment with budgets, providing reliable forecasts and supporting effective project decision-making.
Duties & Responsibilities
- Prepare and maintain project cost control plans and budgets.
- Track and Monitor actual costs versus budget, analyze variances and identify trends.
- Develop cost forecasts and cash flow projections, highlighting deviations.
- Coordinate with project teams to validate cost data and implement corrective actions.
- Participate in the development of cost control procedures and templates.
- Manage cost coding and ensure proper allocation of costs to work breakdown structures.
- Analyze committed costs, accruals, and booked cost to identify variances
- Monitor CPI, SPI, CV and SV to assess project performance.
- Develop and Issue Key Performance Indicators to evaluate cost code allocation, productivity, resource utilization, project performance.
- Evaluate subcontractor and supplier cost .
- Assist with change management by assessing cost impacts of changes.
- Conduct cost risk analyses and maintain contingency allocations.
- Provide training to junior cost engineers and contribute to the development of cost control systems.
Qualifications
- Bachelor's degree in engineering.
- 5+ years cost control experience.
- Strong experience in construction, road, and infrastructure projects.
- Strong analytical skills and ability to work within multiple project teams.
- Training in cost control software and forecasting techniques.
- ERP System ( JD Edwards ).
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