This role is responsible for conducting cost monitoring and controlling activities through all phases of project lifecycle including budget development & setup, cost monitoring& control, forecasting, change management, reporting, asset capitalisation register, and commercial closeout.
Cost Monitoring and Control
Support the development, maintenance and monitoring of project budgets and cost forecasts.
Track project expenditures, commitments, accruals and value of work done (VOWD).
Assist in analysing cost performance and identifying cost deviations, trends and risks.
Provide early warning of potential cost overruns and support corrective actions.
Forecasting and Reporting
Prepare and maintain monthly cost reports and forecasting information.
Monitor and report progress against approved budgets, contingencies and authorisations for expenditure (AFE).
Support the preparation of cost performance metrics, variances and management reporting.
Utilise reporting tools and dashboards to provide accurate and timely cost information to stakeholders.
Project Controls and Change Management
Support the implementation and administration of project cost control processes and procedures.
Assist with the establishment and maintenance of Cost Breakdown Structures (CBS).
Support cost assurance reviews, benchmarking activities and change management processes.
Maintain accurate records relating to budgets, forecasts, changes and project closeout activities.
Stakeholder Engagement
Work closely with project engineers, planners, finance teams and contractors to ensure cost information is accurate and complete.
Participate in regular project reviews to improve forecast accuracy and cost management outcomes.
Support engagement with external contractors providing cost documentation and reporting information.
Skills and Competencies
Experience in cost control, project controls, cost management or commercial support roles.
Understanding of project budgeting, forecasting, cost reporting and change management processes.
Experience using cost management and project control systems such as SAP, Unifier or equivalent tools.
Strong analytical and problem-solving skills with the ability to interpret cost data and identify trends.
Ability to work across multidisciplinary teams and manage multiple priorities.
Strong written and verbal communication skills with the ability to present cost information clearly to stakeholders.
High attention to detail and commitment to continuous improvement.