Project Cost Control Manager

Target Engineering Construction Co LLC; Abu Dhabi; On-site; AED 300,000 - 420,000; Full time

Benefits offered by this job

Competitive salary

Career progression

Overseas project exposure

Comprehensive benefits

Job summary

Target Engineering Construction Co LLC in Abu Dhabi seeks an experienced Project Cost Control Manager to lead all cost management activities for major Oil & Gas EPC projects. You will oversee budgeting, forecasting, EVA, and cost reporting across the project lifecycle, ensuring profitability and financial integrity.

You will collaborate with Project Managers, Commercial, Procurement, Engineering and Finance to optimize costs, manage changes, and drive value improvements.

Qualifications

• Bachelor’s degree in a relevant field such as engineering or management.
• Master’s degree and/or professional certifications are highly preferred.

Responsibilities

• Lead cost planning, budgeting, forecasting, and variance analysis for major Oil & Gas EPC projects.
• Develop CBS, budgets, and cash flow forecasts; monitor expenditures against approved budgets.
• Perform EVA, cost reporting, and forecast accuracy for EAC and ETC.
• Assess change orders, variances, and risk-adjusted budgeting; support commercial claims.
• Collaborate with PM, procurement, engineering, and finance to present cost performance.
• Provide weekly/monthly cost reports and management-level financial summaries.

Skills

Primavera P6

SAP

ERP Systems

Power BI

Excel

Education

Bachelor's Degree in Engineering

PMP / CCP / AACE / Primavera P6 certifications

Job description

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.

YOUR ROLE

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

Cost Planning & Budget Management

• 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.

Cost Monitoring & Analysis

• 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.

Cost Reporting & Forecasting

• 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.

Change Management & Commercial Support

• 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.

Stakeholder Collaboration

• 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.

WHAT WE’RE LOOKING FOR

Experience

• 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.

Education and Certifications

• 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.

Skills and Competencies

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.

WHAT WE OFFER

• 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.