Project Cost Analyst (Job Family)

NiSource•Valparaiso, IN

1d•$62,000 - $144,900

About The Position

Role can be filled at the Senior, Analyst, or Associate level based on candidate's experience Job Summary Provide integrated project cost management. Seamlessly integrate project management methodology, processes, tools, techniques, and information management systems to effectively manage project costs throughout the project life cycle. Relate other subsidiary project management systems with cost management; integrate cost management processes with the other core management systems; scope, cost, schedule and risk management. Perform integrated cost initiation, cost planning, cost execution, cost monitoring, cost control, cost closure, and cost lessons learned within and between projects in the Major Project performance repository. Expand proficiency in scope management and WBS organization, schedule management, quality management, and risk management and provide integrated project planning and baseline development. Integrate risk management with project estimating; time phase planning costs along the project schedule; apply earned value planning, reporting and management. Establish effective cost and schedule forecasting; Apply quality planning and control for proactive cost (opportunity) management. Integrate cost engineering and project management capability and competence using industry standards (AACE, PMI, Construction Management Industry, etc.) and best practice application to integrate knowledge areas for optimum application. Engage project stakeholders to integrate cost management with schedule management, risk management, and project quality management. Utilize effective communication processes to disseminate relevant and timely cost information to enhance project decision making. Apply risk and quality management to drive objective based management to increase project performance. Provides cost analysis for Electric and Gas transmission and distribution projects and Generation projects ranging from $500k to $400M.

Requirements

High School Diploma
High School Diploma and 3-5 years of experience working in Microsoft Excel, or equivalent software program, with responsibilities for data manipulation, integration and subsequent report generation
OR DL NUMBER - Driver License, Valid and in State Upon Hire
Authorized to work in the United States without requiring sponsorship.

Nice To Haves

Bachelor's Degree
Bachelor's Degree in Business, Accounting, Finance, Construction Management, Engineering or related field plus 5 years in financial/cost management experience.
7-9 years Bachelor's Degree and seven years of experience working in Microsoft Excel, or equivalent software program, with responsibilities for data manipulation, integration and subsequent report generation
Experience in large industrial Capital Project environments.

Responsibilities

Increase proficiency in cost analysis and integrated cost and schedule forecasting using quantitative risk management tools and techniques (Expected Monetary Value and Sensitivity Analysis) to better predict project cost performance and enable timely corrective, preventive, and predictive action.
Develop qualitative integrated project baselines that are used to effectively measure project performance and provide the ability to take corrective/preventive/predictive action.
Apply the cost of quality to cost management.
Applies integrated objective risk management to the project baselines to optimize project risk responses.
Orchestrates contract commercial management, facilitates contract payments, conduct contract performance assessment and reporting and initial contract performance analysis and contract commercial forecasting.
Performs contract reviews relative to payment requirements and supporting documentation.
Applies core project controls expertise.
Review and coordinate the management and utilization of project management guidelines, project management standards, processes, job aids, and tools.
Integrates all project management subsidiary systems to improve project performance.
Directs cost effort.
Tailors cost management processes.
Tailors/creates cost management tools/techniques to advance cost performance.
Provides continuous life cycle cost estimating/forecasting with increased predictability.
Manages the project budget and cost performance baseline.
Evaluate manpower, labor hours, and labor cost requirements versus budget limitations, perform cost and schedule analysis, and make corrective/preventive recommendations.
Maintains/manages project Estimate at Completion and recommends areas of improvement to project stakeholders.
Works to implement cost predictive (opportunity) actions.
Perform standard and advanced project and special project cost reporting as anticipated for the project stakeholders; compiles and produces cost reports as needed.
Uses schedule analysis techniques to optimize schedule and cost performance; identifies corrective, preventive, and predictive project actions to enhance probability of achieving project objectives.
Apply integrated project management proficiency in core integration; scope, cost, and schedule.
Optimize product life cycle costing competence.
Assist the project management team, Major Project managers, Director, and other relevant stakeholders in retrieving cost management information and reporting.
Applies integrated thinking to cost management that facilitates improved objective performance.
Utilize communication competence to drive effective project cost decision making.
The Senior Cost Analyst will manage in accordance with Industry standards, the NiSource Project Management Guidelines and Standards, and industry best practices.