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, Contracts, Commercial, Finance, and other project functions on cost-related matters.

· Ensure timely collection and validation of cost data from various departments.

· Communicate cost performance, variances, risks, and corrective actions to relevant stakeholders.

Key Skills

· Project Cost Control & Budget Management

· Cost Variance Analysis

· Cost Forecasting & Reporting

· Budget vs. Actual Analysis

· Cost Trend Analysis

· Vendor & Contract Cost Monitoring

· Financial Risk Identification

· MS Excel / Advanced Excel

· ERP / Project Management Systems

· Solid Analytical & Reporting Skills

· Cross-functional Coordination

Preferred Industry Experience

· Candidates with experience in Construction – Power Plant / Industrial / Infrastructure

Key Performance Areas

· Accuracy and timeliness of project cost reports

· Budget adherence and cost variance monitoring

· Timely identification of cost overruns and risks

· Accuracy of cost forecasts

· Effective monitoring of vendor/contract costs

· Timely implementation of corrective actions

· Improvement in cost control and reporting processes

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