**Job Description Summary**: Responsible for project operations and programs support including standardization, quality management, document management, methods creation and maintenance, process improvement and tools for the project management function. Responsible for departmental operations planning/execution or is focused on execution of professional activities within a technical discipline. Functions with some autonomy but guided by established policies or review of end results.
The job allows modification of procedures and practices covering work as long as the end results meet standards of acceptability (quality, volume, timeliness etc.). The Project Cost Analyst (M/F/d) will be responsible for driving cross functional cost reviews from budget at handover through completion of a new unit project. The following activities will part of the responsibilities of the cost analyst on multiple projects in parallel:
Cost tracking
- Development of cost execution plans (e.g., cost curves) by functions
- Run weekly and monthly detailed cost reports by project scope
- Monitor budget line items on weekly basis and identify variances above a threshold that should be escalated for mitigation
- Maintain budget version control to ensure agreed budget changes are updated in budget forecast
- Work with budget owners to estimate Cost to Complete based on actual costs, commitment costs, and potential variation orders
- Work with scheduler to ensure project schedule aligned with cost curves
- Support Bill of Quantity (BOQ) quantity tracking tied to unit costs (vs budget and latest forecast)
- Work with business to prepare for PMR reviews on quarterly/bi-annual basis
- Monitor/track CTC spend/release - leading indicators
- Provide feedback to Sales/ITO/IPM on lessons learned for future bids/budgets - current gap Minimize leakage and protect project margin




- Run risk & opportunity analysis
- Monitor project risks and follow up on action plans
- Conduct ad-hoc analyses on estimating headwinds cost implications
- Identify root cause of cost overruns and suggest mitigation plans
- Partner cross functional to execute mitigation plans Change order & Claim analysis support
- Coordinate functional estimates for change order cost
- Track variance to budget of approved change orders (actual vs planned spend) Process management & set up
- Support creation & implementation of new cost controlling mechanism & structure
- Execute process improvement actions
- Identify operational rhythm and coordinate functional alignment **Required Qualifications**: - Bachelors degree in engineering, finance, or related technical major or equivalent experience
- Proven work experience in Cost Management, Project Management, Engineering or equivalent type experience / industry
- Fluency in English is a Must **Eligibility Qualifications**: - Must be legally authorized to work in Europe **What will make you stand out**:
**Desired Characteristics**
- Proven detailed cost analytics experience
- Experience collaborating with multiple functions such as engineering, sourcing, manufacturing, projects and logistics
- Demonstrated clear thinking, inclusiveness, collaboration skills, and organization
- Root cause analysis and mitigation experience
- Finance experience
- Demonstrated ability to simultaneously manage multiple projects and other responsibilities, adjust to changing priorities and to make decisions with speed and accuracy based on available information
- Ability to support multiple internal customers and partners with competing priorities in a matrixed environment,
- Excellent communication (written and verbal), and influencing skills
- High say/do ratio
- Excellent interpersonal skills **Additional Information**:
**Relocation Assistance Provided**:No

📌 Project Cost Analyst (M/F/d) (Milano)
🏢 GE Vernova
📍 Milano