Project Cost Controller

Qualifications

Minimum:

• Bachelor's degree in:
• Finance
• Accounting
• Business Administration
• Management Information Systems (MIS)
• Computer Engineering
• Information Technology (IT)

Required Experience

Minimum:

• 5+ years of experience in:
• Cost Control / Cost Management
• Technology / IT Projects

Preferred:

• At least 3 years of experience in large-scale IT projects.
• Experience working within PMO environments.
• Experience in IT project contract and claims management.

Preferred Professional Certifications

Project Management:

• PMP – Project Management Professional

Finance & Cost Management:

• CCP – Certified Cost Professional
• CMA – Certified Management Accountant
• CPA – Certified Public Accountant

Required Technical Skills

• Budget preparation and financial forecasting.
• Cost and variance analysis.
• Earned Value Management (EVM).
• Contract and claims management.
• Financial risk management.

Software & Tools

• Microsoft Excel – Advanced
• Oracle ERP
• Power BI

Key Responsibilities

1. Budget Management & Cost Control

• Prepare, review, and monitor budgets for IT projects.
• Track actual project expenditures against approved budgets.
• Ensure financial performance remains aligned with approved project plans.
• Analyze cost and budget variances and recommend corrective actions.

2. Cost Planning & Financial Forecasting

• Develop cost estimation models for IT projects.
• Prepare project cash flow forecasts and financial projections.
• Regularly update forecasts based on project progress, changes, and financial performance.

3. Contract & Vendor Cost Management

• Review financial terms and commercial aspects of IT project contracts and agreements.
• Verify invoices, payment requests, and completion certificates against contractual terms.
• Monitor Purchase Orders (POs), Change Requests, and contract variations.
• Review and validate financial claims submitted by vendors and consultants.

4. PMO & Project Management Support

• Support the preparation of financial business cases and feasibility studies for IT projects.
• Provide financial and cost management support to Project Managers throughout the project lifecycle.
• Review project spending plans and ensure alignment with approved budgets.
• Participate in project governance meetings and provide updates on project financial performance.

5. Earned Value Management (EVM)

• Monitor and analyze key project performance indicators, including:
• Planned Value (PV)
• Earned Value (EV)
• Actual Cost (AC)
• Cost Performance Index (CPI)
• Schedule Performance Index (SPI)
• Monitor project performance against approved cost and schedule baselines.

6. Financial Reporting & Analysis

• Prepare periodic project cost and financial reports for senior management.
• Develop financial dashboards and KPI reports using relevant reporting tools.
• Prepare and analyze:
• Budget vs. Actual Reports
• Cost Variance Analysis
• Financial Forecast Reports
• Financial Risk Reports

7. Financial Risk Management

• Identify and assess potential financial risks affecting IT projects.
• Evaluate the impact of financial risks on project budgets, costs, and schedules.
• Develop mitigation plans and recommend corrective actions.
• Monitor contingency reserves and ensure their appropriate utilization.

IT Project Scope

Responsible for monitoring and controlling costs across various technology projects, including:

• ERP Implementation Projects
• IT Infrastructure & Data Center Projects
• Cloud Computing Projects
• Network & Telecommunications Projects
• Artificial Intelligence & Data Analytics Projects