Project Cost Management Specialist

8 hours ago


Oslo, Oslo County, Norway Omega AS Full time

As a Senior Project Cost Engineer at Omega 365 Consulting, you will play a pivotal role in ensuring the financial success of our projects. You will be responsible for all cost engineering deliverables for a particular project or portfolio of projects. Your expertise will be crucial in maintaining accurate and consistent cost tracking, managing accruals, and providing insightful variance explanations to the Finance department.

  • Key Responsibilities
  • Oversee internal and external project cost status reporting to ensure transparency and accuracy.
  • Ensure timely and precise cost tracking, manage accruals, forecasts, cash flow inputs, invoice handling, and preparation of requisitions.
  • Deliver detailed variance explanations to the Finance department, highlighting areas of improvement.
  • Develop and maintain the project Work Breakdown Structure (WBS), streamlining workflows and optimizing resource allocation.
  • Handle project changes with cost impact, effectively managing change requests and their associated costs.
  • Identify, analyze, and track cost changes versus sanctioned budgets, making informed decisions to mitigate risks.
  • Develop and manage contingency drawdown plans, ensuring business continuity and adaptability.
  • Prepare and follow-up on Manpower Projection Plans and man-hour cost estimates, aligning resource allocation with project requirements.
  • Correlate cost data with other project data, investigate variances, prepare analysis, highlight inconsistencies, and propose mitigating actions to optimize project outcomes.
  • Utilize industry-standard tools such as SAP, EcoSys, PowerBI, and Pims to streamline processes and enhance decision-making.


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