Cost Engineering Lead

7 hours ago


Oslo, Oslo County, Norway Omega AS Full time

In this challenging and rewarding role as a Senior Project Cost Engineer at Omega 365 Consulting, you will have the opportunity to make a significant impact on the financial performance of our projects. As a key member of our team, you will be responsible for delivering high-quality cost engineering services that meet the needs of our clients.

  • Key Deliverables
  • Provide expert guidance on cost management best practices, ensuring compliance with industry standards and regulations.
  • Develop and implement effective cost tracking and monitoring systems, enabling real-time visibility into project costs.
  • Manage accruals, forecasts, and cash flow inputs, ensuring accurate and reliable financial projections.
  • Deliver comprehensive variance explanations to stakeholders, highlighting areas of improvement and opportunities for cost savings.
  • Collaborate with cross-functional teams to develop and maintain the project WBS, ensuring seamless integration with project schedules and resource allocation.
  • Effectively handle project changes with cost impact, minimizing disruptions and ensuring business continuity.
  • Identify and analyze cost changes versus sanctioned budgets, making informed decisions to mitigate risks and optimize project outcomes.
  • Develop and manage contingency drawdown plans, ensuring flexibility and responsiveness to changing project requirements.
  • Prepare and follow-up on Manpower Projection Plans and man-hour cost estimates, aligning resource allocation with project objectives.
  • 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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