Project Controls - Costing

LT-Larsen & Toubro Limited; Mumbai; On-site; INR 800,000 - 1,200,000; Full time

Job summary

LT-Larsen & Toubro Limited is seeking a skilled Cost Manager to oversee costs associated with Hydrocarbon and Offshore Wind construction projects in Mumbai, India. The ideal candidate will track and analyze expenses, manage budgets, and communicate project cost performance to the team.

Proficiency in MS Office and standard Cost Control tools is essential, along with a strong background in Total Cost Management Concepts and Earned Value Management (EVM). Join us to ensure project success within budget.

Qualifications

• Strong knowledge of Total Cost Management Concepts and Earned Value Management (EVM).
• Ability to analyze cost reports, detect issues, and communicate effectively with the project team.
• Experience with managing budgets in large-scale construction projects.

Responsibilities

• Track, analyze, and control costs associated with large-scale Hydrocarbon/Offshore Wind construction projects.
• Forecast expenditures and plan budgets effectively.
• Minimize budget deviations and ensure project completion within approved budget.

Skills

Cost Management

Budgeting

Cost Control

MS Office

Effective Communication

Tools

Standard Cost Control Tool/Application

Job description

Tracks, analyses, and controls the costs associated with a project, such as large-scale Hydrocarbon/Offshore Wind construction projects where there are multiple subcontractors, inspectors and suppliers involved. Forecasting expenditures, planning budgets, classifying costs by type, tracking man-hours allocated to a project, verifying supplier invoices, and managing change events that impact the budget.

Responsible to minimize the deviation from the budget and ensure that the project is completed within the approved budget.

Escalates the cost corners/ issues ahead of time to the management for mitigation action.

Tracks the cost mitigation action

Knowledge on Total Cost Management Concepts & taxonomy and Earned Value Management (EVM)

Allocation of budget and establish a Cost Baseline

Ability to analyze the cost report, detect issues, and effectively communicate the project’s cost performance, issues/ concerns, & recovery plans to the project team

Proficient in MS office.

Proficiency in standard Cost Control tool/ Application is preferred.