ROLE DOCUMENT - COST CONTROL & BUDGETING

- Role Title: Cost Control and Budgeting
- Department: Projects
- Qualification – BE Civil / PGP
- Experience – 3 to 6 years experience
- Industry - Real Estate Industry only
- Primary Objective: Lead the design, execution, and monitoring of business plans, capital / operating budgets, and cost-control frameworks to ensure financial targets and project scopes are met without compromising quality.

Key Responsibilities

- Budget Development: Lead the annual and multi-year budgeting process (operating and capital expenditure budgets) in alignment with corporate strategy.
- Resource Allocation: Translate high-level business goals into actionable financial plans and department level allocations.

Cost Control & Variance Analysis

- Baseline Tracking: Establish cost baselines using work breakdown structures (WBS) or similar financial controls.
- Actual vs. Budget Monitoring:



Track real-time expenditures against approved budgets, identifying cost overruns or savings early.
- Variance Reporting: Investigate root causes of budget variances and issue actionable recommendations or corrective action plans to leadership.
- Value Engineering: Balance cost-cutting initiatives with quality, risk, and delivery schedules to prevent downstream rework.

Key Performance Indicators (KPIs)

- Budget Accuracy: Variance within an acceptable threshold (between actuals and forecasted/budgeted figures.
- Forecast Reliability: Timely and accurate delivery of monthly/quarterly rolling forecasts.
- Cost Saving & Efficiency: Measurable reduction in waste, unapproved overruns, or non-essential expenditures without impacting quality.

Email-id: [email protected]

📌 cost control & budgeting (Pune)
🏢 Kumar
📍 Pune