
Project Cost Analyst
21 hours ago
Cost Control Specialist
Job DescriptionWe seek an experienced Cost Controller to oversee project costs, ensuring alignment with budgets.
Key Responsibilities- Perform comprehensive cost analysis and control for large-scale EPC projects.
- Analyze and report on project costs to stakeholders.
- Monitor costs across engineering, procurement, and construction phases.
- Prepare detailed variance reports analyzing causes of deviations between budgeted and actual costs.
- Collaborate with project teams to track progress and update percentage-of-completion calculations.
- Provide insights and reports on cost performance, profit margins, and project cash flow.
- Ensure compliance with contractual agreements and project-specific financial regulations.
- Validate costs in line with contract terms and identify cost overruns or savings opportunities.
- Work with procurement to control and analyze material and service costs.
- Ensure proper valuation of inventory used for EPC projects.
- Identify potential risks related to project costs, including scope changes, delays, or unexpected expenses.
- Recommend strategies for cost reduction, such as value engineering or efficiency improvements.
- Prepare regular financial and cost reports analyzing project expenses and forecasting costs.
- Generate monthly, quarterly, and annual reports detailing variances and expected cost overruns.
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