Summary:

• Business Justification Effective monitoring and reporting of project costs and project management consultation are critical for project success.
• The Project Controls Cost Management Specialist provides a baseline cost and forecast to ensure that the project team and business leadership understand the project progress as well as any issues or concerns during execution.
• Assists the project managers and project engineers to ensure utilization of cost management best practices to achieve project objectives.
• This position works with the project leadership team to ensure accurate and timely cost controls are implemented and maintained during the project lifecycle.

Responsibilities:

• Derive the cost baseline based on project plans, baseline estimate, and baseline schedule.
• Collaborate with project estimators to ensure project estimation is done effectively for cost control.
• Provide project teams with up-to-date commitment, spending, deviation, and forecast information.
• Analyze project commitments and spending to ensure alignment with project scope and estimate.
• Investigate and resolve discrepancies between expected and actual spending and commitments.
• Issue Project Controls Reports to the project team as per documented Project Controls Plans.
• Provide final cost data at project closure and assist in lessons learned reporting.
• Track project changes to Budgets, Forecasts, Commitments, and Available Costs.

Education Qualification:

• Bachelor's degree in Finance, Accounting, Business Administration, or related field.