Project Cost Controller

QualificationsMinimum:Bachelor’s degree in:FinanceAccountingBusiness AdministrationManagement Information Systems (MIS)Computer EngineeringInformation Technology (IT)Required ExperienceMinimum:5–8 years of experience in:Cost Control / Cost ManagementTechnology / IT ProjectsPreferred:At least 3 years of experience in large-scale IT projects.Experience working within PMO environments.Experience in IT project contract and claims management.Preferred Professional CertificationsProject Management:PMP – Project Management ProfessionalFinance & Cost Management:CCP – Certified Cost ProfessionalCMA – Certified Management AccountantCPA – Certified Public AccountantRequired Technical SkillsBudget preparation and financial forecasting.Cost and variance analysis.Earned Value Management (EVM).Contract and claims management.Financial risk management.Software & ToolsMicrosoft Excel – AdvancedOracle ERPPower BIKey Responsibilities1. Budget Management & Cost ControlPrepare, review, and monitor budgets for IT projects.Track actual project expenditures against approved budgets.Ensure financial performance remains aligned with approved project plans.Analyze cost and budget variances and recommend corrective actions.2. Cost Planning & Financial ForecastingDevelop cost estimation models for IT projects.Prepare project cash flow forecasts and financial projections.Regularly update forecasts based on project progress, changes, and financial performance.3. Contract & Vendor Cost ManagementReview financial terms and commercial aspects of IT project contracts and agreements.Verify invoices, payment requests, and completion certificates against contractual terms.Monitor Purchase Orders (POs), Change Requests, and contract variations.Review and validate financial claims submitted by vendors and consultants.4. PMO & Project Management SupportSupport the preparation of financial business cases and feasibility studies for IT projects.Provide financial and cost management support to Project Managers throughout the project lifecycle.Review project spending plans and ensure alignment with approved budgets.Participate in project governance meetings and provide updates on project financial performance.5. Earned Value Management (EVM)Monitor and analyze key project performance indicators, including:Planned Value (PV)Earned Value (EV)Actual Cost (AC)Cost Performance Index (CPI)Schedule Performance Index (SPI)Monitor project performance against approved cost and schedule baselines.6. Financial Reporting & AnalysisPrepare periodic project cost and financial reports for senior management.Develop financial dashboards and KPI reports using relevant reporting tools.Prepare and analyze:Budget vs. Actual ReportsCost Variance AnalysisFinancial Forecast ReportsFinancial Risk Reports7. Financial Risk ManagementIdentify and assess potential financial risks affecting IT projects.Evaluate the impact of financial risks on project budgets, costs, and schedules.Develop mitigation plans and recommend corrective actions.Monitor contingency reserves and ensure their appropriate utilization.IT Project ScopeResponsible for monitoring and controlling costs across various technology projects, including:ERP Implementation ProjectsIT Infrastructure & Data Center ProjectsCloud Computing ProjectsNetwork & Telecommunications ProjectsArtificial Intelligence & Data Analytics Projects