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
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