- Monitor project expenses and compare them to budgeted costs.
- Analyze cost variances and identify areas of cost overruns.
- Assist in developing project budgets and cost estimation methodologies.
- Prepare accurate cost forecasts based on project progress.
- Develop and implement cost control strategies to minimize project expenses.
- Maintain detailed records of project costs and financial documents.
- Prepare regular cost reports and updates for project stakeholders.
- Identify potential risks to project costs and develop risk mitigation strategies.
- Evaluate vendor and contractor proposals and monitor their performance.
- Collaborate with project teams to address cost-related issues and optimize project finances.
Proven experience as a cost analyst, cost specialist, or similar role5 to 12 years of experience Proven experience in cost control, preferably in engineering or construction.Strong analytical skills and proficiency in cost management software.Excellent communication and interpersonal skills.