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




- Bachelor//'s degree in Engineering, Construction Management, Project Management, or a related field.

- Robust 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.

📌 Cost Engineer (India)
🏢 MASTER MIND CONSULTANCY
📍 India