Cost Controller

The Cost Controller manages budgets, cost tracking, forecasting, and reporting for major turnarounds and offshore projects. The role makes sure projects are delivered within the approved budget and in line with the planned schedule.

Key Responsibilities

Budgeting, Cost Control & Monitoring

• Set up project budgets in line with the Basis of Estimate, covering scope, assumptions, man-hour estimates and cost breakdowns.
• Track budgets, commitments, actual costs, and forecasts through every project phase, from pre-shutdown planning through execution to close-out.
• Work with Procurement, Finance and Timekeeping so that material, subcontract, equipment, and man-hour costs are captured accurately and on time.
• Allocate all costs correctly to the approved WBS and cost codes.
• Track daily and weekly cost burn, especially man-hours and manpower during the shutdown window.
• Monitor productivity and earned value (EV, PV, AC, CPI, SPI), and flag variances early.

Forecasting & Reporting

• Prepare and update cost forecasts (EAC/ETC) and cost phasing with the Project Manager and Planning team.
• Prepare daily, weekly, and monthly cost reports, dashboards, and S-curves for internal and client use.
• Report how manpower forecasts and milestone performance affect cost.
• Track contingency drawdown and overall cost performance.

Change Management

• Assess and document the cost impact of scope changes, emergent work, and discovery work during turnarounds.
• Prepare change orders and variations, and keep the change log up to date.
• Make sure approved changes are reflected in the budget and forecast.

Coordination & Close-out

• Attend project and client meetings, and present cost status when required.
• Cost close-out process, including final cost reconciliation, subcontractor final accounts and lessons learned.

Requirements

Education

• Bachelor's degree in Engineering

Experience

• 4–5 years in cost control on Oil & Gas projects, with at least 2 years on shutdown/turnaround projects.

Technical Skills

• Strong knowledge of cost control, budgeting, forecasting and earned value management.
• Good understanding of WBS, CBS and cost coding structures.
• Working knowledge of Primavera P6 for cost and schedule integration.
• Advanced Excel skills (pivot tables, lookups, dashboards).
• Familiarity with ERP systems (SAP, Oracle, Coins) is an advantage.
• Understanding of commercial terms, subcontract costs and variation management.

Preferred Certifications (advantage, not mandatory)

• PMP.