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Project Cost Control Engineer

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  • Develop and maintain the project's cost management plan, ensuring alignment with project goals and contractual obligations.
  • Establish and monitor the project's cost baseline, tracking all approved changes and their impact on the overall budget.
  • Perform detailed cost analysis, identifying trends, variances, and potential risks that could affect project profitability.
  • Prepare accurate and timely cost reports, providing insights into project performance and forecasting future costs.
  • Manage and control project expenditures, including invoice processing, payment approvals, and vendor management.
  • Conduct regular cost forecasting, predicting future costs and potential overruns to enable proactive corrective actions.
  • Collaborate with project managers, engineers, and other stakeholders to ensure effective cost control and communication.
  • Implement and utilize cost control software and tools, such as Oracle Primavera P6, to optimize project financial management.
  • Evaluate and analyze change orders, assessing their cost impact and negotiating with contractors to minimize financial risks.
  • Ensure compliance with company policies, procedures, and industry best practices related to cost management.

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