Cost Engineer

Job Title : Cost Engineer

Experience : 5 to 8 Years

Location : Bengaluru

Roles & Responsibilities

• Develop and maintain Work Breakdown Structures (WBS) and Cost Breakdown Structures (CBS) for effective project planning and budgeting.
  
• Prepare project cost estimates budgets schedules and project control plans.
  
• Support project funding financial planning and budget approval documentation.
  
• Configure and manage cost control systems ensuring integration with accounting and procurement systems.
  
• Monitor project costs earned value progress and performance against approved budgets and schedules.
  
• Prepare monthly cost reports project forecasts and financial performance updates.
  
• Implement and manage Cost Management of Change (CMOC) processes and budget revisions.
  
• Support project risk management contingency planning and cost assurance activities.
  
• Analyze project variances identify cost risks and recommend corrective actions.
  
• Conduct project reviews and contribute to continuous improvement initiatives for cost engineering processes.

Requisites

• Bachelors degree in Engineering Construction Management Project Management or a related field.
  
• Strong knowledge of Cost Engineering Project Controls Cost Estimation Planning Scheduling and Cost Forecasting.
  
• Experience in project budgeting earned value management cost tracking and financial reporting.
  
• Understanding of capital project execution project management systems and project lifecycle management.
  
• Knowledge of Cost Management of Change (CMOC) risk assessment and contingency planning.
  
• Proficiency in project planning scheduling and cost control methodologies.
  
• Strong analytical problem-solving and financial analysis skills.
  
• Excellent communication stakeholder management and collaboration skills.
  
• Detail-oriented with the ability to identify cost variances and recommend solutions.
  
• Familiarity with industry cost engineering standards best practices and project reporting tools.

Required Skills:

Cost EngineeringProject ControlsCost EstimationPlanningCost Forecasting