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QU
Senior Cost Specialist
Quanta Infrastructure Solutions GroupScottsdale, United Statesfull_timeVerifiedPosted 27 Dec 2024
About the role
Job Description – Sr. Cost Specialist
General Description
The Sr. Cost Specialist will be responsible for assisting the Project Managers, Operations Directors, and other project team members with all facets of project cost. Key to this role will be the ability to effectively liaise between Project Management, Project Controls, and Project Accounting regarding Cost Analysis functions to ensure appropriate information sharing and risk/performance management. The Sr. Cost Specialist will be responsible for effectively capturing, tracking, and measuring a broad range of project scheduling, progress, manpower, productivity data, budget, and cost information to satisfy QISG monthly close, and client reporting requirements.
Work assignments may include multiple concurrent projects. While not otherwise involved in project-specific work, the Sr. Cost Specialist will support other project and proposal efforts.
This position will be expected to guide and transfer knowledge to junior project controls individuals as needed.
The Sr. Cost Specialist understands Cost Analysis functions, with responsibilities as follows:
General Project Controls Duties
- Develop or modify Project Controls Execution Plan (PCEP), either in a standalone plan or part of the overall Project Execution Plan (PEP)
- Assist with staff development in project controls processes and procedures
- Adheres to internal standards, policies, and procedures
- Supports internal and external audits
- Responsible for ad hoc requests and inquiries, as required
Cost Control Duties
- Establish, maintain, and update cost control budgets, actuals, and forecasts within QISG cost control system via Cost Breakdown Structure (CBS)
- Prepares, manages, and updates project budgets, budget transfers, through the Prime and Subcontract change management process (including change logs)
- Supporting project change processes by helping to create, review and track project deviation notices and variations
- Manage impact of changes & trends with discipline leads and project management
- Actively manage cost forecast; raise and facilitate the trend process; updates to forecast and cost flow
- Manage Internal Operating Unit (OpU) and 3rd part subcontractor budgets, commitments, actuals and forecasting
- Manage material and equipment vendor budgets, commitments, actuals and forecast, including tracking cancellation clauses
- Developing, reviewing and validating data with discipline leads for cost reporting data, incurred cost, earned value and forecast
- Communicate with project team, receiving regular status and forecast updates
- Quality Control (QC) and analysis of project controls deliverables including Estimate at Completion (EAC) changes
- Develop and maintain professional services staffing plans
- Calculate, explain, and report variances, performance, and other project metrics, including Cost Performance Index (CPI), Schedule Performance Index (SPI), Manpower, Progress and Productivity
- Calculate and explain value of work done and accruals for all aspects of project cost
- Performs change and risk management responsibilities; identifies, documents, and assists with developing mitigation plans
- Calculate and forecast project cost risk values and assess against remaining contingencies and allowances
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