NMDC Group
Requirements
Requires thorough technical knowledge of cost control principles and proficiency in project control software like InEight. The candidate must be able to maintain accurate documentation for audits and collaborate across finance, estimation, and planning departments.
Job Summary
Prepare detailed work budget/value engineering/budget scenarios.
Accountable for project budget and cost control services for medium size
projects.
Responsible for timely preparation of detailed accurate Forecast cost on monthly
/ weekly intervals.
Assist Sr. Cost Control Engineer/BCM to deliver thorough, independent and
complete Cost Control Reports for ongoing Projects.
Ensure the accuracy and integrity of data, correctness of cost allocation,
analysis of cost/earn value trends
Collect all relevant needed information (Tender budget, Progress, Actual data
etc.) from the Estimators, Reporting/Planning engineers, Project manager, and
from Finance department etc.
Process and analyse all gathered data into project control software (InEight)
and create budget forecast.
Timely preparation of budget reports, analysis of trends, comparison with Cost,
earn value, explanation of variances.
Regularly visit project site, coordinate and consult with project management
team, inform them of critical issues.
Assign and approve Budget for PR / IR, as per approved Work Budget.
Ensure gathered date and Budget information is maintained and knowledge is
transferred to estimation and commercial department.
Budget reports preparation, support of Sr. Cost Control
Engineer/BCM in ongoing projects and non-routine activities.
Identify the Risks, opportunities & assumptions made within the Work budget.
Technical skills with thorough knowledge of Cost Control principals.
Responsible for all well organised & accurate documentation for internal &
external audits.
This is a generalist view of a Job that you have been assigned for – at times
you may be requested to do above/beyond the scope of this role due to
Operational requirements
Responsibilities
Responsible for preparing detailed work budgets, forecasts, and cost control reports for medium-sized projects. The role involves analyzing cost trends, managing budget allocations for PR/IR, and coordinating with project management teams to address critical issues.
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