Job openings for cost control engineer in mumbai

To monitor, analyse, control, report Project Expenditures for all ongoing Projects against approved Costs, Budgets and Estimates.
1.Project Cost Control:- Monitor and Control all Project expenditure from Concept to Commissioning Stage Analyse variance in cost and schedule and recommend corrective actions Establish expenditure trends, identify deviations, prepare remedial action reports for all levels of Project Activities Prepare periodic Cost Reports including Actual Costs and Forecast Costs of the Project Verify invoices from Consultants, Contractors, Suppliers and Vendors. Report scope change / change orders.
2.Develop In-house database:- Establish accurate, reliable cost database at activity level, WBS level, cost head level Track consumption of resources / man-hours, to establish cost to productivity.
3.Cost Control Tools:- Operate Cost Control Tools, establish the measuring and reporting metrics Ensure high level of accuracy and reliability in reported data are accurate Be proactive in employing tools to catch trends and deviations.
4. KEY CHALLENGES:-1. Develop cost control tools and techniques 2.Track, Analyse Cost variance against Schedule. 3.Coordinate with internal and external stakeholders for latest status Cost of the Project. 5.INTERACTIONS:A. Internal Interactions: 1.Project Management and Project Controls Team 2.Procurement & Contracts team, Finance Team 3.Construction Team at Site B.External Interactions: 1.Process Licensor(s) / Basic & Extended Basic Engineering Contractors 2.PMC/EPC contractors 3.Engineering Consultants 4.Vendors / Suppliers 6 .DIMENSIONS A. Financial Dimensions: 1. Preparation of costing report
2. Preparing justifications in case of variations 3. Preparation of Costing Trends.

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