Job Description

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:

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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.

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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.

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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.

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Forecasting:

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

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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.

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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.

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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.

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Benchmarking:

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

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Documentation

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

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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.

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Continuous Improvement

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

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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