Job Purpose:
Lead Cost Estimation, control, and forecasting functions during all phases of project (Concept to Commissioning) by establishing cost estimation methodologies, cost structures. Develop cost estimates for various concept and recommend preferred concept.

Key Responsibilities:
• Lead in establishing estimation system and processes (Class-1 to Class-5) aligned to project maturity, scope definition and uncertainty levels along with basis and assumptions.
• Lead in development of cost estimate and contingency for various concept during early phase of the project
• Perform Cost Risk Analysis, and Cost benchmarking based on historical data
• Validate cost assumptions, estimation methodologies and input data by third party / contractor to ensure accuracy and reliability of cost estimation.
• Define cost breakdown structures aligned with work breakdown structures to enable integrated planning and traceable cost management.
• Develop cost baselines, budgets and cash flow projections aligned with project schedules, execution strategies and market conditions.




• Develop and maintain cost forecasting models to provide forward-looking visibility of project financial performance.
• Quantify cost impacts of technical, execution and interface risks and define contingency requirements to support financial planning.
• Analyze cost performance trends and deviations against approved baselines to identify emerging risks and potential overruns.
• Evaluate cost implications of schedule changes, execution strategies and scope variations in coordination with planning and risk teams.
• Initiate cost revisions and re-forecasts based on approved changes and evolving project conditions.
• Incorporate regulatory, compliance and ESG-related cost elements into estimates, budgets and forecasts.
• Develop scenario-based cost analyses to evaluate alternative execution strategies and support decision-making under uncertainty.
• Present cost forecasts, financial risks and scenario impacts to

📌 Sr Lead Cost Estimation and Control Engineer (Navi Mumbai)
🏢 Reliance Industries
📍 Navi Mumbai