Posted 25 July, 2026

Cost Engineer

MASTER MIND CONSULTANCY

Bengaluru, KA, KA, IN Full Time

Job Title : Cost Engineer

Experience : 5 to 8 Years

Location : Bengaluru

Roles & Responsibilities

Develop and maintain Work Breakdown Structures (WBS) and Cost Breakdown Structures (CBS) for effective project planning and budgeting.
Prepare project cost estimates, budgets, schedules, and project control plans.
Support project funding, financial planning, and budget approval documentation.
Configure and manage cost control systems, ensuring integration with accounting and procurement systems.
Monitor project costs, earned value, progress, and performance against approved budgets and schedules.
Prepare monthly cost reports, project forecasts, and financial performance updates.
Implement and manage Cost Management of Change (CMOC) processes and budget revisions.
Support project risk management, contingency planning, and cost assurance activities.
Analyze project variances, identify cost risks, and recommend corrective actions.
Conduct project reviews and contribute to continuous improvement initiatives for cost engineering processes.

Bachelor's degree in Engineering, Construction Management, Project Management, or a related field.
Strong knowledge of Cost Engineering, Project Controls, Cost Estimation, Planning, Scheduling, and Cost Forecasting.
Experience in project budgeting, earned value management, cost tracking, and financial reporting.
Understanding of capital project execution, project management systems, and project lifecycle management.
Knowledge of Cost Management of Change (CMOC), risk assessment, and contingency planning.
Proficiency in project planning, scheduling, and cost control methodologies.
Strong analytical, problem-solving, and financial analysis skills.
Excellent communication, stakeholder management, and collaboration skills.
Detail-oriented with the ability to identify cost variances and recommend solutions.
Familiarity with industry cost engineering standards, best practices, and project reporting tools.