Project Cost Control Manager

We are seeking an experienced Project Cost Control Manager to lead all project cost management activities for major Oil & Gas EPC projects. This role is focused on ensuring robust cost planning, budget control, forecasting, variance analysis, and financial performance monitoring throughout the project lifecycle.

As Project Cost Control Manager, you will be responsible in the performance of the following but not limited to duties and responsibilities;

• Develop, establish, and maintain project budgets and cost control systems in line with project scope and contractual requirements.
• Prepare detailed cost breakdown structures (CBS), budget allocations, and project cash flow forecasts.
• Monitor project expenditures and commitments against approved budgets.
• Ensure accurate cost forecasting throughout all project phases.

• Analyze actual costs versus budget and identify cost variances and trends.
• Conduct earned value analysis (EVA) and performance measurement reporting.
• Identify potential cost overruns and recommend corrective actions to maintain project profitability.
• Monitor productivity, resource utilization, and cost performance indicators.

• Prepare weekly and monthly cost reports for project management and executive leadership.
• Provide detailed cost analysis, trend reports, and project financial summaries.
• Maintain accurate forecasts for Estimate at Completion (EAC) and Estimate to Complete (ETC).
• Support management decision-making through timely and accurate financial reporting.

• Evaluate the cost impact of scope changes, variations, and change orders.
• Support the commercial team in claims preparation and cost substantiation.
• Ensure all project changes are properly documented, costed, and reflected in forecasting models.
• Assist in identifying opportunities for cost optimization and value improvement.
• Identify project cost risks and develop mitigation strategies.
• Perform sensitivity analysis and scenario planning to assess financial exposure.
• Monitor contingencies and ensure effective risk-adjusted budgeting.

• Work closely with Project Managers, Commercial Managers, Procurement, Engineering, Construction, and Finance teams.
• Coordinate with clients and stakeholders regarding project cost performance and financial reporting.
• Present project cost status, forecasts, and recovery plans to senior management.

• Minimum 12 years of experience in Project Controls/Cost Control within large-scale Oil & Gas EPC projects.
• Proven experience managing project budgets, cost forecasting, earned value analysis, and financial reporting for multi-million-dollar projects.

• Bachelor's Degree in Engineering, Project Management, Business Administration, or a related discipline.
• Master's Degree or professional certifications such as PMP, AACE, CCP, Primavera P6, or other Project Controls certifications are highly preferred.

Proficiency in Primavera P6, SAP, ERP Systems, Power BI, Excel
, and project controls tools.

Strong knowledge of:
Cost Control Systems, Budget Management, Cost Forecasting, Earned Value Management (EVM), Change Management, Risk Analysis, Project Financial Reporting.

• The chance to contribute to some of UAE’s Oil and Gas EPC Mega projects.
• A collaborative, supportive environment that values innovation and excellence.
• Opportunities for professional growth and career progression.
• Competitive salary and benefits package.