Project Cost Estimation Engineer (225-713)

A Project Cost Estimation Engineer is a pivotal player in the planning and execution phases of engineering projects, tasked with the crucial role of determining the financial feasibility and cost implications of project proposals. This professional uses their expertise to assess project requirements, analyze design specifications, and coordinate with cross-functional teams to develop accurate cost forecasts. By leveraging advanced estimation techniques and tools, the Project Cost Estimation Engineer provides insights that guide budget planning and financial decision-making. Their work ensures that projects stay within financial constraints while achieving quality and scope objectives. The role demands a blend of analytical skills, engineering knowledge, and financial acumen, making it essential for candidates to be detail-oriented and highly organized.

Responsibilities

• Analyze project deliverables and specifications to develop comprehensive cost estimates.
• Collaborate with project managers to align cost estimates with project budgets.
• Develop and maintain a database of historical cost data for future reference.
• Identify potential financial risks and propose mitigation strategies to stakeholders.
• Utilize estimation software and tools to enhance accuracy and efficiency in cost calculations.
• Prepare detailed cost reports and present findings to project management teams.
• Review and adjust cost estimates to account for changes in project scope and schedule.
• Liaise with suppliers and vendors to source material and service cost estimates.
• Contribute to post-project reviews to identify areas for improvement in estimation practices.
• Facilitate workshops and training sessions on best practices in cost estimation.
• Ensure compliance with industry standards and company guidelines in all cost estimations.
• Support procurement processes by providing cost insights and budget justifications.

Requirements

• Bachelor’s degree in Engineering, Construction Management, or a related field.
• Proven experience in cost estimation within engineering or construction projects.
• Strong understanding of project management principles and cost estimation techniques.
• Advanced proficiency in estimation software such as Primavera, Bluebeam, or equivalent.
• Exceptional analytical skills with a keen eye for detail and accuracy.
• Excellent communication skills to collaborate effectively with various stakeholders.
• Ability to work under pressure and meet tight deadlines in a dynamic environment.