Project Manager Indirect

Objectives

• Responsible for establishing, maintaining, monitoring, and forecasting project costs throughout the project lifecycle.
• Ensures cost visibility, supports informed decision-making and provides accurate project performance reporting to enable successful project delivery within approved budgets.
• Cost Engineer acts as the custodian of project cost performance data, integrating cost management/change management/earned value analysis/cost forecasting/ cost risk assessment into a structured project controls framework.
• Responsible for evaluating project changes and variation orders, determining impacts on project scope, WBS, Control Accounts, budget and forecast, quantifying internal cost impacts, and preparing robust commercial substantiation for client and subcontractor claims.
  
  

• Establish and maintain project budgets consistent with approved estimates and execution strategies.
• Develop and implement the Project Cost Architecture, including the Work Breakdown Structure (WBS), Cost Breakdown Structure (CBS), control accounts, and budget allocation, aligned with the contractual structure, and project schedule.
• Ensure Control Accounts are set up, all budget data is coded and configured on Project Cost Control Platform.
  
  

• Responsible for evaluating project changes and variation orders, determining impacts on project scope, WBS, Control Accounts, budget and forecast, quantifying internal cost impacts
  
  

• Conduct trend analysis and identify potential cost overruns and improvement opportunities.
• Record/Track commitments, and forecasts throughout the project lifecycle.
• Prepare Estimate at Completion (EAC), Estimate to Complete (ETC), and Variance at Completion (VAC) forecasts . Report to Project Controller.
• Maintain accurate updates of cost distribution over time periods in meeting annual/quarterly targets
• Implement Earned Value Management (EVM) using Project Cost Control platform and monitor CPI, SPI, CV, and SV metrics.
• Prepare the Cost Control Reports and Project Net Cash Flow in liaison with Project Controller.
  
  

• The role serves as the focal point between Project Controls, Engineering, Procurement, Construction and Commercial functions to ensure all project changes are accurately assessed, captured, forecast and recovered.
• Support quantitative risk assessments and cost contingency analysis.
• Review contractor invoices, commitments, and payment applications.
• Ensure alignment between schedule, progress, and cost reporting. Cross- functional co-ordinations.
  
  

• Bachelor’s Degree in Engineering, Quantity Surveying, Construction Management, Finance, or related discipline.
• 8–15+ years of experience in project controls or cost engineering within Oil & Gas, LNG, Petrochemical, Refinery, Offshore, or EPC projects.
• AACE Certified Cost Professional (CCP) /Earned Value Professional (EVP)(Preferred) .
  
  

• Cost Control
• Cost Forecasting
• Earned Value Management (EVM)
• Change Management
• Risk /Contingency Management
• Primavera P6
• SAP
• Power BI/Advanced Microsoft Excel