Project Controls Specialist Cost - 90359324 - New York/Philadelphia

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SUMMARY OF DUTIES:

The Project Controls Specialist (Cost Engineering & Control) is responsible for using and improving existing enterprise tools, systems and work processes to assist project managers in effective development, management, control and reporting on budget estimates and progress measurement for a moderately complex project. Individuals in this role may develop project dashboards, schedules, cost performance reports and risk registers in close collaboration with the assigned Project Manager and other team members. Project Control Specialists work under moderate supervision of a senior-level Controls Practitioner and may matrix into a project team.

ESSENTIAL FUNCTIONS:

• Assures compliance with department and enterprise practices on project budgeting, change management, scheduling, and/or cost engineering, and related project-specific requirements.
• Works with the project manager and team to develop project cost breakdown structure, baseline budget, and risk register using standard templates, methods, and tools within prescribed parameters of the assigned project.
• Applies standard construction estimating concepts, practices, methodologies, and/or procedures as well as discipline-specific concepts to develop cost estimates for railroad-specific work elements (e.g., electric traction, signals, structures, track) or general construction work elements.
• Performs investigation, including but not limited to market analysis, visits to the field, and interviews of delivery staff (e.g., engineers, superintendents, construction managers), to understand construction means and methods in order to develop cost estimates.
• Collects project performance data such as installed quantities, expended labor and other progress measurement data from enterprise tools (e.g., Maximo) and/or project management staff to assess project/portfolio cost performance.
• Tracks potential changes, ensuring that suitable assessments of cost and schedule impacts are generated and visibility provided to the client and project management.
• Integrates cost and schedule data as well as information from vendors and external entities to facilitate schedule and budget performance reporting. Review and analyze customer and vendor program and project budgets as needed.
• Assists the project manager with the maintenance and baseline reviews of project budgets in accordance with the approved project parameters.
• Participates in risk evaluation sessions or preconstruction reviews and ensures risks are documented and assessed in terms of probability and impact to enable project team to develop risk mitigation plans and contingencies.
• Supports project and portfolio management teams in performing risk-based contingency determination in accordance with department policies, stakeholder requirements, and best practice.
• Supports development and maintenance of automated project evaluation tools and workflows.
• Assists cost estimating and cost engineering work products to support the development of the Capital Delivery yearly plan, ensuring timely completion of new estimates within assigned portfolio/project, ensuring schedule and cost data integrity and consistency, alignment with 5-year plan, and compliance with applicable requirements.
• Monitors actuals and works with other peers to review forecasting against budgets.
• Supports project governance and project status review meetings.