To monitor, control, and analyze project costs against approved budgets, identify cost variances and potential overruns, and provide accurate cost reports and forecasts to support effective project financial management.
Key Responsibilities
Budget Management
· Develop and maintain project budgets in coordination with Project Managers and relevant stakeholders.
· Monitor budget allocations, commitments, and expenditures to ensure adherence to approved budgets and financial guidelines.
Cost Monitoring & Analysis
· Track project expenses and actual costs against approved budgets.
· Analyze cost variances, identify discrepancies, and coordinate with concerned teams for corrective actions.
· Monitor committed, incurred, and projected costs throughout the project lifecycle.
Cost Forecasting & Reporting
· Prepare periodic cost reports, forecasts, and cost trend analyses.
· Provide timely updates on project cost performance, budget utilization, and projected final costs.
· Highlight significant cost deviations and trends to Project Management and Management.
Cost Risk Management




· Identify potential cost overruns, financial risks, and areas of cost escalation.
· Coordinate with project teams to assess financial impact and implement appropriate corrective measures.
Vendor & Contract Cost Monitoring
· Review vendor quotations/proposals and support commercial evaluation.
· Monitor vendor invoices, payments, and contractual commitments for accuracy and compliance with approved budgets and contract terms.
· Coordinate with Procurement, Contracts, Commercial, and Finance teams regarding cost-related matters.
Cost Control & Process Improvement
· Ensure effective implementation of project cost control procedures and systems.
· Identify opportunities to improve cost monitoring, reporting, and control processes.
· Implement standard practices to improve cost efficiency and financial visibility.
Coordination & Communication
· Coordinate with Project Managers, Planning, Procurement, C

📌 Executive Cost Controller (India)
🏢 Delta Global Allied
📍 India