1. Cost Planning & Estimation

• Develop and maintain detailed cost estimates based on project scope and schedule.
• Prepare cost breakdown structures (CBS) and cost-loading plans.
• Support tendering and bidding processes with accurate cost data.

2. Budget Management

• Prepare and monitor project budgets to ensure alignment with financial targets.
• Track budget changes and assess their impact on overall project cost.
• Support project managers in preparing budget revisions and justifications.

3. Cost Monitoring & Reporting

• Track actual costs versus budget and forecast future expenditures.
• Identify cost variances and provide timely corrective action recommendations.
• Prepare weekly/monthly cost reports and dashboards for management and stakeholders.

4. Forecasting & Trend Analysis

• Perform cost trend analysis and update forecasts regularly.
• Predict financial risks or opportunities based on actual progress and trends.

5. Change Management

• Assess the cost impact of variations, design changes, and site instructions.
• Ensure all changes are evaluated, documented, and approved before implementation.

6. Risk and Opportunity Management

• Identify and assess cost-related risks and suggest mitigation strategies.
• Highlight areas for cost optimization and value engineering.

7. Compliance & Documentation

• Ensure all cost control activities comply with company policies, project contracts, and client requirements.
• Maintain complete and up-to-date cost records, invoices, and financial documentation.

8. Collaboration & Communication

• Work closely with project managers, procurement, planning, and engineering teams.
• Provide cost input during project meetings and ensure cost transparency across departments.