Assistant Project Cost Analyst

Objective

To support project teams by monitoring costs at the pre-commitment and post-commitment stages, ensuring expenditures are aligned with approved budgets, identifying cost variances early, and supporting effective cost control and reporting.

Key Responsibilities

Cost Monitoring & Budget Control

• Review Purchase Requisitions (PRs) and Purchase Orders (POs) against approved project budgets and cost codes prior to commitment.
• Check that proposed costs are within approved budget limits and highlight potential overruns or abnormal pricing.
• Monitor committed costs versus budget, including tracking PRs, POs, and variations.
• Identify cost trends, repeated cost increases, or unusual pricing compared to historical data or previous hull/projects.
• Support price comparison by reviewing quotations, technical/commercial evaluations, and cost breakdowns submitted by Procurement team.
• Assist in verifying cost reasona...