Central PMO – Cost Monitoring and Control (Senior Manager)


Qualifications and Experience

Education:

  • Bachelor’s / master’s degree in engineering (Civil / Mechanical / Electrical)
  • Professional certifications in budgeting, estimation, and valuation are preferred.

Experience:

  • 8-10 years of experience in cost management, budgeting, and reporting, ideally within the mixed-use
    development (commercial real estate and industrial warehousing)
  • Strong knowledge of RCC and structural steel buildings, pre-cast, electrical, mechanical, landscapes, building
    interiors, etc.
  • Understanding of procurement, contracting, and contract management practices.

Key Responsibilities:

  • Standardize cost breakdown structures across projects and all budgeting stages
  • Maintain IC Investment Committee to Revised current budget traceability documenting deltas and
  • approvals
  • Monitor and report commitments and actual spending against approved budgets factoring in released orders
  • and processed variations
  • Control budget adjustments and contingency utilization in line with authorization limits GAMDOA
  • Review and track commitments and spending against approved TI Tenant Improvement budgets
  • Prepare budget performance reports for leadership budget vs actuals with variance analysis
  • Identify and report risks and uncertainties impacting project costs
  • Create and update monthly cashflow projections aligned with forecasted commitments
  • Track pending commitments vs available budget to prevent budget overruns
  • Perform periodic costtocomplete CTC assessments and revise budgets as required
  • Track and assess the cost impacts of scope changes and variation orders
  • Maintain a budget change log and update budgets accordingly
  • Prepare justification notes for budget revisions in line with GAM approvals
  • Periodically update dashboards related to cost and cashflow management for leadership visibility
  • Ensure compliance with internal policies governance frameworks and audit requirements

Department

Projects

Employment Type

Full-time

Location

Mumbai

Workplace type