SHAILESH TEMBHEKAR
Principal Cost Control Engineer
Dhahran,Eastern Province
Summary
Accomplished Cost Control Engineer with 18+ years of extensive expertise in cost control, cost forecasting, reporting and cost monitoring. Proficient in utilizing SAP, EcoSys, Primavera (P6), and MS Office to streamline financial processes and enhance project efficiency. Demonstrated ability to manage complex mega projects and deliver accurate financial insights. Committed to driving organizational success throughout. Proven track record in budget forecasting, cost analysis, and financial reporting within Oil & Gas EPC projects.
Overview
18
18
years of professional experience
11
11
years of post-secondary education
1
1
Certification
Work history
Principal Cost Control Engineer
AIR PRODUCTS
Dhahran
11.2019 - 07.2025
- In role as Cost Control Lead for Neom and Jubail IG Hub project in Saudi Arabia, Responsible for all related activities, including cost forecasting for engineering, procurement, and construction scope, as well as conducting reviews and reporting to management.
- Successfully managed Gulf Coast Ammonia Project in Texas City, overseeing all aspects of cost control, such as preparing cost forecasts, conducting management reviews, and updating information in SAP and EcoSys tools.
- Involved in establishment of new projects setup, ensuring proper creation of Cost Breakdown Structure (CBS), network, and activities within SAP system/EcoSys.
- Issuing cost codes and assigned budget to procurement for PO placement.
- Providing and maintaining cost codes for Engineering, Procurement, construction and commissioning for proper cost booking.
- Conduct assessments of purchase orders for both new and existing commitments, providing updates to management as necessary.
- Responsible for inter-company invoices.
- Preparation of Earned Value Management (EVM) analysis report for management.
- Preparation of currency analysis on quarterly basis and provides to treasury team for hedging calculations.
- Monthly Preparation of Cost forecast report after extracting data from SAP for actuals, commitments, PO details and discussion with respective stakeholders from projects.
- Implementation of change management practices on project.
- Reserve analysis and maintained record of every drawdown.
- Presenting cost report to global management team on monthly basis with Forecast/budget trend, monthly variances.
Senior Cost Management Specialist
Dow Chemicals
Chennai
01.2019 - 11.2019
- Assumed responsibilities of cost analyst, generating monthly cost reports for various global Capital/Expenses Projects at Dow.
- Developed cost baseline using EcoSys tools, aligning with latest Cost Estimate and Schedule guidelines.
- Collected and analyzed SAP reports focusing on critical areas such as commitments, actual hours, resource allocation, budget expenditures, and man-hours for assessment.
- Disseminated monthly reports to Project Manager and Engineer of each project for their review and evaluation.
Senior Cost Control Engineer
Saipem SpA
Basrah
08.2013 - 01.2019
- Developed Cost Control Report (CCR), which included updates on Actual Costs, Estimate to Complete (ETC), and Forecast Plans, while also providing management with monthly Cost Accruals.
- Oversaw creation of reports concerning monthly manpower, equipment, subcontractor, and security costs and forecasts, ensuring these were updated and communicated through Cost Control Report (CCR) and integrated into Project Status Report (PSR) for Head Office Project Control Department.
- Monitored project master schedule in alignment with project scope by assessing optimal logical relationships across engineering, manufacturing, and construction disciplines, utilizing Primavera P6 software.
- Compiled and delivered reports for both client and head office on daily, weekly, and monthly basis by gathering data from subcontractors and construction team.
Senior Planning Engineer
Afcons Infrastructures Ltd
Aqaba
05.2011 - 08.2013
- Developed and maintained schedules, tracking systems, and recovery plans for the development activities associated with assigned projects.
- Provided support for organizational and administrative tasks related to project management.
- Supervised the integration of schedules into the overall project plan.
- Managed the creation and regular updates of project schedules.
- Monitored the development of recovery plans linked to the projects.
- Prepared method statements to ensure proper execution of project activities, securing client approval.
- Facilitated weekly progress meetings and documented the Minutes of Meeting.
- Participated actively in weekly engineering and client progress meetings, preparing the Minutes of Meeting and addressing all relevant issues.
- Engaged in project review meetings to assess progress and address challenges by understanding project requirements.
- Coordinated with the execution team to gather information regarding project status and progress.
Senior Planning Engineer
ITD Cementation India Ltd.
Chennai
05.2008 - 04.2011
- Monthly RA Bill prepared based on actual work done and submitted to client for certification.
- Daily, monthly report prepared and submitted to client.
- Subcontractors Invoices reviewed and certified.
- Worked as Site Engineer for portion of project.
HSE Engineer
Hindustan Construction Company Ltd. (HCC)
Mumbai
02.2007 - 04.2008
- Daily Toolbox talk for labors.
- Preparation of Safety Statistics.
- Safety Induction to all new labor/Engineers/Managers.
- Allocation of proper PPEs to all workman, Engineers/Managers.
Education
Executive Programme in Strategic Project Management - Project Management
Indian Institute of Management (IIM) Calcutta
Calcutta 04.2023 - 03.2024
Post Graduate Diploma in Business Management - Finance
NMIMS Global Access School
01.2020 - 12.2021
Post Graduate Programme in Construction Management - Construction Management
NICMAR
Pune, India 06.2008 - 07.2010
Graduate Diploma in Construction Safety Management - Construction Safety Management
NICMAR
Hyderabad, India 07.2006 - 06.2007
Bachelor of Engineering (B.E.) - Civil Engineering
RCERT, Chandrapur (Nagpur University)
Nagpur, India 09.2001 - 06.2006
Skills
- Cost Control
- Cost Forecasting and Reporting
- Cost Monitoring
- SAP
- EcoSys
- Primavera (P6)
- MS Office
- Currency Analysis
Certification
- Certified Cost Professional (CCP), AACE, 01/01/25, 01/31/28
- Risk Management Professional (PMIRMP), PMI, 11/01/24, 11/30/30
- Project Management Professional (PMP), PMI, 11/01/20, 11/30/29
- PRINCE2 (Foundation & Practitioner), AXELOS, 08/01/21, 09/30/26
Languages
English
Hindi
Marathi
Personal Information
- Date of birth: 11/10/82
- Nationality: Indian
- Marital status: Married
Timeline
Executive Programme in Strategic Project Management - Project Management
Indian Institute of Management (IIM) Calcutta
04.2023 - 03.2024
Post Graduate Diploma in Business Management - Finance
NMIMS Global Access School
01.2020 - 12.2021
Principal Cost Control Engineer
AIR PRODUCTS
11.2019 - 07.2025
Senior Cost Management Specialist
Dow Chemicals
01.2019 - 11.2019
Senior Cost Control Engineer
Saipem SpA
08.2013 - 01.2019
Senior Planning Engineer
Afcons Infrastructures Ltd
05.2011 - 08.2013
Post Graduate Programme in Construction Management - Construction Management
NICMAR
06.2008 - 07.2010
Senior Planning Engineer
ITD Cementation India Ltd.
05.2008 - 04.2011
HSE Engineer
Hindustan Construction Company Ltd. (HCC)
02.2007 - 04.2008
Graduate Diploma in Construction Safety Management - Construction Safety Management
NICMAR
07.2006 - 06.2007
Bachelor of Engineering (B.E.) - Civil Engineering
RCERT, Chandrapur (Nagpur University)
09.2001 - 06.2006
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