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