Project Cost Engineer

Cost Engineer

Purpose

• The purpose of a Cost Engineer is to develop and oversee project cost estimation, budgeting, and financial planning processes. This role involves collaborating with project teams to provide costeffective estimates in accordance with schedule and execution plan.

Responsibilities

• The Cost Engineer is responsible for the accurate estimation, management, and control of project costs throughout the project lifecycle. This role involves developing cost estimates, analyzing cost variances, and ensuring that projects are completed within approved budgets. The Cost Engineer collaborates with project managers, engineers, finance teams, and other stakeholders to provide financial insights and support effective decisionmaking.

Education

• Bachelor’s degree in Engineering, Construction Management, Finance, or a related field. A professional certification (e.g., AACE, PMP, CCE) is a plus.

Experience

• Minimum of 3-5 years of experience in cost engineering, project cost control, or a similar role. Experience in construction, engineering, oil & gas preferred.

Functional Competencies

Invoice managementCost Control and performance management executionCash ManagementSBM Product KnowledgeRisk and Internal controlBudgeting and forecastingProject Cost Management

Experience Level

Mid Level