Cost Controller

JOB TITLE: COST CONTROLLER

QUALIFICATION: B.E/B. TECH

EXPERIENCE REQUIRED: 7-8 YEARS

EXTRA SKILLS: CCP, P6 AND RELATED

DEPARTMENT: PROJECTS CONTROL

INDUSTRY TYPE: EPC, OIL& GAS, STEEL FABRICATION

Job Responsibilities:

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

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

Ø 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.

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

Ø 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.

Ø 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.

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

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

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

Ø 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.

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

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

Job Type: Full-time

Pay: QAR7,000.00 - QAR7,500.00 per month