Job details
Overview: The Cost Control Engineer is responsible for establishing and managing a comprehensive cost control system to support project management decision-making processes. This role involves monitoring budget adherence, analyzing deviations, and ensuring effective cost management throughout the project lifecycle. The Cost Control Engineer will also facilitate risk management activities and provide detailed cost impact analyses to support contract changes and claims. Key Responsibilities:
- Establish and manage a cost control system to assist the Project Manager (PM) in completing projects within the approved budget.
- Monitor budget deviations, analyze their impacts, and ensure corrective actions are effectively implemented and monitored.
- Foster a culture of cost awareness among project team members.
- Ensure compliance with Operating Company and Corporate requirements for cost control reporting, collaborating with relevant interfaces.
- Coordinate risk management activities, including initial brainstorming sessions and qualitative/quantitative assessments of identified risks and opportunities.
- Conduct Monte Carlo analysis during project execution to ensure the Cost Control System operates effectively, assessing and reporting cost status.
- Monitor activity progress and earned value, comparing it against invoices received, and determining monthly accruals to align accounts with work progress.
- Support the project team during contract changes and claims processes by providing comprehensive cost impact analyses and updating cost/revenue forecasts related to intercompany services.
- Analyze committed costs and activities to date, reviewing estimates to complete and isolating deviations from baselines or adverse trends, alerting the PM to enable timely corrective actions.
- Maintain the risk management process by organizing periodic meetings and verifying feedback from risk owners.
- Prepare and issue project and company cost reporting.
- Bachelor’s degree in Engineering, Finance, or related field
- Professional certifications in cost engineering (e.g., AACE, ICEC)
- Proficiency in cost management software and Microsoft Office Suite
- Minimum of 8 years of experience in cost control or project controls within the oil and gas industry or related fields
- Strong understanding of cost control methodologies, tools, and processes
- Familiarity with risk management principles and techniques
Apply safely
To stay safe in your job search, information on common scams and to get free expert advice, we recommend that you visit SAFERjobs, a non-profit, joint industry and law enforcement organization working to combat job scams.
Hiring company
Bounty Hunter World
-
Construction Cost Control Xactimate: RS Means NextGen LearningAED 199Duration: Upto 35 Hours
-
Cost Management, Estimating, Budgeting and Control Alpha AcademyAED 90Duration: Upto 3 Hours
Similiar Jobs that might interest you
Control Engineer - Maintenance
NES Fircroft... for an experienced Control Engineer (Maintenance) for a ... Assurance/Quality Control verification for maintenance PM/CM ...
Qatar - Doha 30 days ago
SR. BUDGET & RECOVERY CONTROLLER
QatarEnergy... Planning, Budgeting & Cost Control for the OE(I) (Engineering & Construction) and OH ...
Qatar - Doha 30 days ago
Project Engineer Brownfield - Structural/Mechanical *BROWNFIELD*
Global Projects Services AG... , coordinating and controlling the execution ... to project management, engineering, procurement, construction, commissioning ...
Qatar - Doha 30 days ago
Senior Inspection Engineer
NES Fircroft... maintenance cost and provide necessary guidance to other engineers ... , corrosion/corrosion control and damage mechanisms. ...
Qatar 30 days ago
SR. PETROLEUM ENGINEER
QatarEnergy... Reservoir, and Production Engineering, and Field Development. ... degree in Petroleum Engineering or equivalent. - Technical ...
Qatar - Doha 30 days ago
Maintenance Controller (Turnaround)
NES Fircroft... Maintenance Controller (Turnarounds)". Position: - Maintenance Controller (Turnarounds) The Maintenance TA-Controller ...
Qatar - Doha 30 days ago
Sr. Principal Reservoir Engineer
QatarEnergy... . Educational Qualifications BSc in Engineering (preferably in Petroleum Engineering) or Applied Sciences.
Qatar - Doha 30 days ago
SR. TECHNICAL ASSISTANT (BUDGET & COST)
QatarEnergy... Accounts Department of a large Engineering/Marine Company including at least ...
Qatar - Doha 30 days ago
CORROSION ENGINEER
QatarEnergy... control procedures and professional standards. Liaise with the Senior Corrosion Engineer ... Engineering/Chemical Engineering ...
Qatar 30 days ago
Head of Project Engineering
Ably Resources... • Implement robust project controls for scope, schedule, ... project engineering teams • Bachelor's degree in Engineering ...
Qatar - Doha 30 days ago
Oil and Gas Lead Process Engineer - Process (PSL)*BROWNFIELD*
Global Projects Services AG... a global leader in engineering services for the design ... and Effect Matrix • Develop Control Narratives and Logic Sequences ...
Qatar 30 days ago
MECHANICAL ENGINEER
QatarEnergy... to their control systems Educational Qualifications B.Sc. in a relevant Engineering
Qatar 30 days ago
PRINCIPAL RESERVOIR ENGINEER
QatarEnergy... support simulation model maintenance, analyze reservoir ... QC Reservoir Engineering data and maintain Reservoir Engineering ...
Qatar - Doha 30 days ago
SR. PRINCIPAL RESERVOIR ENGINEER
QatarEnergy... development and maintenance programs, recommends ... Engineering supplemented with industry courses in petroleum engineering ...
Qatar - Doha 30 days ago
... Engineer position. Required Skills: Static Equipment & Piping Maintenance ...
Qatar - Doha 30 days ago
Reservoir Engineer (Unconventional)
Confidential... Bachelor's in Petroleum/Chemical Engineering & Reservoir Engineering Specialization •Minimum 15 years ...
Qatar 30 days ago
SR. RESERVOIR ENGINEER
QatarEnergy... Carry out appropriate reservoir engineering analysis and studies to ... company as a Reservoir Engineer in all aspects of ...
Qatar - Doha 30 days ago
MECHANICAL ENGINEER (PIPELINE)
QatarEnergy... . Educational Qualifications BSc. in Mechanical Engineering or in a related discipline ...
Qatar 30 days ago
... Position : Yard Engineer (welding/Fabrication/Scaffolding/Painting/rigging ...
Qatar - Doha 30 days ago
Why are you reporting this job?
Job has expired Cannot view this pageAlternatively, you may click on the link below or copy/paste it into your browser.
https://qa.jooble.org/external/-3866106080789194407?cpc=d0FU&utm_source=affiliate&utm_medium=laimoon_organic_qa&extra_ars_request_id=da374c561545f50e3b4ee51858b877fc