Job Description

Location
Mana, Qatar
Experience
7-13
Job Type
Recruitment

Manager Cost/

Budget

About the role

The role is responsible for analysing and estimating the costs associated with engineering projects. He plays a crucial role in project planning and execution by providing accurate cost assessments, helping to control project expenses, and ensuring that engineering projects stay within budget constraints. This position requires a strong understanding of engineering principles and cost estimation techniques. Additionally, responsible for project planning, scheduling in construction, and engineering. This role combines skills in project management, cost analysis, and schedule development to ensure that projects are completed on time and within budget. Cost Engineers play a key role in project efficiency and success.

Responsibilities

1-

Project Planning:

Collaborate with project managers and stakeholders to define project objectives, scope, and deliverables.


Develop comprehensive project plans, including work breakdown structures (WBS) and project schedules.


Create project timelines and milestones to track progress and deadlines.




2-

Scheduling

Utilize project management software to create, maintain, and update project schedules.


Allocate resources, manpower, and equipment efficiently to ensure that project tasks are completed on time.


Monitor and analyse project schedules to identify potential delays or bottlenecks and propose solutions.




3-

Cost Estimation:

Analyse project specifications, drawings, and other technical documents to understand the scope of the engineering project.


Use historical data, cost databases, and industry benchmarks to estimate the cost of materials, labour, equipment, and other resources required for the project.


Develop detailed cost estimates, considering all relevant factors such as project complexity, location, and market conditions. Analyse project specifications and documentation to estimate the cost of materials, labour, equipment, and other resources required for the project. Develop detailed cost estimates and budgets, taking into account market conditions, risk factors, and project complexities. Review and update cost estimates as project details evolve.




4-

Budget Development:

Collaborate with project managers, engineers, and other stakeholders to create comprehensive project budgets. Ensure that budgets are realistic, accurate, and aligned with the project's goals and objectives. Update and revise budgets as needed, considering changes in project scope or external factors.




5-

Cost

Control:


Monitor project expenses throughout the project lifecycle to identify cost overruns and deviations from the budget.


Implement cost control measures to keep the project on track financially, such as recommending cost-saving alternatives or value engineering options.


Prepare and present cost reports to project stakeholders and management, highlighting budget variances and proposing solutions.


Monitor project expenses and ensure they align with the established budgets.


Identify and analyse cost variances, providing recommendations for corrective action.


Collaborate with project teams to implement cost control measures and optimize project spending.




6-

Risk Assessment:

Identify potential risks that may impact the project's cost, such as changes in market prices, regulatory changes, or unforeseen obstacles.


Develop risk assessment models to quantify the potential financial impact of various risks.


Work with project teams to develop risk mitigation strategies and contingency plans.


Identify and assess potential risks that could impact project timelines.


Develop risk mitigation strategies and contingency plans to minimize project disruptions.


Regularly review and update risk assessments throughout the project lifecycle.




7-

Reporting

Prepare and present regular project progress / cost reports to project managers and stakeholders, highlighting schedule and cost performance.


Provide in-depth analysis of project data to support decision-making and continuous improvement.




8-

Cost Analysis:

Conduct post-project cost analysis to evaluate the accuracy of initial cost estimates and identify areas for improvement.


Use cost analysis data to refine cost estimation methods and improve future budgeting accuracy.




9-

Documentation:

Maintain comprehensive and organized records of all project schedules, cost estimates, budgets, and financial reports.


Ensure compliance with industry standards and company policies in cost estimation and reporting.


Ensure compliance with industry standards and company policies in cost estimation and reporting.




10-

Collaboration:

Collaborate with engineers, project managers, procurement teams, and other departments to gather relevant information and ensure the accuracy of cost estimates and budgets.


Participate in regular project meetings to provide cost-related updates and advice.

Location &

commitments

Permanent Employment


Full-time


Location - Qatar

Candidate requirements

Bachelor's degree in engineering, project management, construction management, with 9 to 10 years of experience in related field.


Proven experience in project planning, scheduling, cost estimation and budgeting for engineering or construction projects.


Proficiency in project management software and cost estimation tools.


Strong analytical skills, attention to detail and problem-solving skills.


Proficiency in using cost estimation software and spreadsheets.


Knowledge of engineering principles, construction materials, and project management principles and methodologies.


Excellent communication and interpersonal skills.


Ability to work in a team and under pressure to meet project deadlines.


Familiarity with industry standards and regulations related to project management and cost estimation.











Skills
Analytical Skill, Risk Assessment, Project Planning, Attention To Detail, Interpersonal Skill, Compliance, Problem-solving Skill, Methodologies, Evolve, Construction Management, Excel, Documentation, Strong Understanding, Budgeting, Project Management, Strong Analytical, Interpersonal Skills, Drawings