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Cost Analyst

Falls Church, VA | Full Time
1 Month Ago

Job Description

Provide cost life cycle management expertise in support of program requirements managers, project planning activities and deliberate planning process at an enterprise level. 

Essential Functions and Job Responsibilities:

  • Provide day-to-day operational analysis support to include responding to urgent and short-notice taskers and attending and participating in the meetings, IPTs, HPTs, internal/external strategy meetings, including SGROC.
  • Prepare cost estimates in support of AFMS medical modernization portfolio and/or acquisition programs. Provide cost analysis support in the areas of IM/IT, Defense Acquisition, Science & Technology, Research and Development Investment Strategy, and Medical Readiness. Perform alternative and affordability analysis to include excursions and sensitivity analysis using historical performance models, cost models and program metrics
  • Assess cost and budget impacts of program alternatives, prepare briefings in accordance with the established guidelines, and expertly present the information to the senior leadership, including the members of the SGROC.
  • Conduct cost analyses in support of the following analyses: Work Breakdown Structure (WBS), Business Case Analysis (BCA), Life Cycle Cost (LCC), Cost as an Independent Variable (CAIV), Cost benefit/cost risk analyses, affordability/supportability analysis, Market Research analysis, commercial off the shelf product evaluation and analysis, Earned Value Management, AoA, Return on Investment (ROI) analysis and Rough Order of Magnitude (ROM) estimates. All cost estimates are due 10 business days after request from the government.
  • Conduct interviews, research, data analysis, and translate technical/programmatic language into cohesive written documents and presentations.
  • Assist senior government staff in the development of acquisition strategies, analyses, plans and documents.
  • Respond to queries, prepare reports, justifications, and background papers as applicable to the cost analyst duties. All requested documents are due 10 business days after request from the government.

Minimum Requirements:

  • Bachelor’s degree in Finance/Accounting/Statistics or related discipline.
  • Four (4) years’ experience in the financial analysis and competency in the two or more of following analyses: ROI, ROM, WBS, BCA, LCC, CAIV, AoA, cost benefit/cost risk analysis, affordability/supportability analysis.
  • Proficient in MS Office applications and MS Project Software.
  • Excellent interpersonal skills: ability to work independently, and as a team member; ability to establish a network of contacts.
  • Excellent oral and written communication skills; experience briefing senior leaders and the ability to interface with all levels of personnel; experience writing technical documentation, operating instructions, policy memorandums, concept of operations or capabilities development documents.
  • Prior cost analysis experience in support of DoD acquisition programs preferred.
  • Must have an active favorable Tier I NACI).


Planned Systems International provides our customers with value-added management consulting and information technology services that consistently deliver success, and we are recognized as a world-class provider of innovative solutions that benefit mankind. From Systems Lifecycle Support and Healthcare IT Solutions to Network and Desktop Solutions and e-Business, PSI is focused on making our clients’ businesses run smoother and better. With a highly trained technical staff, we apply state-of-the-art information technologies, the industry's most advanced methodologies, and broad-based support services to clients in U.S. Government agencies and the commercial sector.
PSI is an Equal Opportunity Employer.
All qualified candidates are encouraged to apply, including:
Minorities, Women, Individuals with Disabilities, and Protected Veterans.
VEVRAA Federal Contractor requesting priority referrals of Protected Veterans.

Company Overview

  • Website
  • Headquarters COLUMBIA, MD
  • Size 200 - 500
  • Founded 1988
  • Type
  • Revenue $50M - $200M
  • Industry Software & Networking
  • About planned systems international

Skills for Cost Analyst

The job skills required for Cost Analyst include Analysis, Accounting, Planning, Cost Analysis, Written Communication,and DoD etc. Having related job skills and expertise will give you an advantage when applying to be a Cost Analyst. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Cost Analyst. Select any job title you are interested in and start to search job requirements.

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Career Path for Cost Analyst

The following is the career advancement route for Cost Analyst positions, which can be used as a reference in future career path planning. As a Cost Analyst, it can be promoted into senior positions as a Cost Analyst III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Cost Analyst. You can explore the career advancement for a Cost Analyst below and select your interested title to get hiring information.