Role & responsibilities

- Prepare and maintain project budgets, cost plans and cost control systems.
- Monitor actual project expenditure against approved budgets and identify cost variances.
- Track committed costs, actual costs, accruals and forecast costs.
- Prepare regular Cost Reports, Cost-to-Complete (CTC) and Estimate-at-Completion (EAC) reports.
- Analyse cost variances and provide explanations and corrective-action recommendations.
- Monitor project manpower, material, subcontractor, equipment and other project-related costs.
- Coordinate with Project Managers, Planning, Procurement, Contracts, Finance and Site teams for accurate cost reporting.
- Review purchase orders, subcontractor commitments and invoices against approved budgets.
- Monitor change orders, variations, claims and their financial impact on the project.
- Maintain project cost forecasts and update them based on project progress.
- Support project management in identifying cost overruns and potential financial risks.
- Prepare management dashboards and MIS reports relating to project cost and financial performance.
- Assist in monthly project closing, accruals and reconciliation with Finance/Accounts.
- Monitor project cash flow and support preparation of cash-flow forecasts.




- Ensure proper allocation of costs to relevant WBS/cost codes.
- Provide cost-related information for project reviews and management meetings.
- Maintain accurate documentation and records for project cost control and audit purposes.

Preferred candidate profile

- Strong understanding of project cost control and budget management.
- Experience with WBS, cost codes, commitments, accruals, forecasting and variance analysis.
- Good knowledge of project financial reporting.
- Strong MS Excel skills, including PivotTables, VLOOKUP/XLOOKUP, and data analysis.
- Experience with ERP/project-control systems such as SAP, Oracle, Primavera P6 or similar will be an advantage.
- Ability to analyse large volumes of project cost data.
- Strong coordination and communication skills.
- Valuable understanding of project contracts, procurement and subcontracting processes.

Industry Experience Mandatory Candidates should have experience in one or more of the following:
- Shipbuilding / Ship Repair
- Offshore / Marine Projects
- Oil & Gas

Experience specifically in shipbuilding or Oil & Gas projects will be preferred.

📌 Project Cost Control Engineer (Mumbai)
🏢 Adonia Offshore Consultants
📍 Mumbai