Description
Cost Management

• Develop and maintain project cost budgets in accordance with the Project Work Breakdown Structure (WBS) and the Basis of Estimate

• Liaise with procurement, finance, and time-capture functions to ensure accurate and timely capture of all cost elements — procurement, materials, subcontracts, and labour

• Monitor and review cost commitments and expenditure through all phases of project lifecycle

• Liaise with project management and planning to ensure accuracy of cost phasing and forecasting

• Review and evaluate project cost performance reports and forecast updates

• Review and analyse cost impact of manpower forecasts

• Review and issue project change orders and variations in accordance with change notifications

• Assess and communicate cost and schedule impact of change notifications

• Monitor overall project cost performance and contingency drawdown

• Lead the project cost close-out process

• Act as Cost Focal Point for all assigned project scopes

Reporting & Governance

• Ensure project budgets, costs,



and reports are documented, auditable, and issued in a controlled manner

• Review and evaluate project cost performance reports in accordance with project reporting requirements

• Attend project and client periodic meetings and present cost performance status as required

• Ensure reports are accurate, timely, and issued in accordance with the contract reporting calendar

• Ensure original and current budgets correspond to approved estimates and scope changes throughout the project lifecycle

• Participate in contract and corporate risk analysis sessions and audits

PMBS & Efficiency

• Support the achievement of the contract PMBS efficiency target (target: PMBS below 50% of Engineering cost)

• Actively contribute to simplification of cost reporting structures and reduction of unnecessary reporting overhead

• Contribute to the development of fit-for-purpose cost controls for the Rapid Track delivery model

Team & Capabili

📌 Senior Cost Controller (Chennai)
🏢 Wood Group
📍 Chennai