Qualifications
Minimum:
- Bachelor’s degree in:
- Finance
- Accounting
- Business Administration
- Management Information Systems (MIS)
- Computer Engineering
- Information Technology (IT)
Required Experience
Minimum:
- 5+ years of experience in:
- Cost Control / Cost Management
- Technology / IT Projects
Preferred:
- At least 3 years of experience in large-scale IT projects.
- Experience working within PMO environments.
- Experience in IT project contract and claims management.
Preferred Professional Certifications
Project Management:
- PMP – Project Management Professional
Finance & Cost Management:
- CCP – Certified Cost Professional
- CMA – Certified Management Accountant
- CPA – Certified Public Accountant
Required Technical Skills
- Budget preparation and financial forecasting.
- Cost and variance analysis.
- Earned Value Management (EVM).
- Contract and claims management.
- Financial risk management.
Software & Tools
- Microsoft Excel – Advanced
- Oracle ERP
- Power BI
Key Responsibilities
- Budget Management & Cost Control
- Prepare, review, and monitor budgets for IT projects.
- Track actual project expenditures against approved budgets.
- Ensure financial performance remains aligned with approved project plans.
- Analyze cost and budget variances and recommend corrective actions.
- Cost Planning & Financial Forecasting
- Develop cost estimation models for IT projects.
- Prepare project cash flow forecasts and financial projections.
- Regularly update forecasts based on project progress, changes, and financial performance.
- Contract & Vendor Cost Management
- Review financial terms and commercial aspects of IT project contracts and agreements.
- Verify invoices, payment requests, and completion certificates against contractual terms.
- Monitor Purchase Orders (POs), Change Requests, and contract variations.
- Review and validate financial claims submitted by vendors and consultants.
- PMO & Project Management Support
- Support the preparation of financial business cases and feasibility studies for IT projects.
- Provide financial and cost management support to Project Managers throughout the project lifecycle.
- Review project spending plans and ensure alignment with approved budgets.
- Participate in project governance meetings and provide updates on project financial performance.
- Earned Value Management (EVM)
- Monitor and analyze key project performance indicators, including:
- Planned Value (PV)
- Earned Value (EV)
- Actual Cost (AC)
- Cost Performance Index (CPI)
- Schedule Performance Index (SPI)
- Monitor project performance against approved cost and schedule baselines.
- Financial Reporting & Analysis
- Prepare periodic project cost and financial reports for senior management.
- Develop financial dashboards and KPI reports using relevant reporting tools.
- Prepare and analyze:
- Budget vs. Actual Reports
- Cost Variance Analysis
- Financial Forecast Reports
- Financial Risk Reports
- Financial Risk Management
- Identify and assess potential financial risks affecting IT projects.
- Evaluate the impact of financial risks on project budgets, costs, and schedules.
- Develop mitigation plans and recommend corrective actions.
- Monitor contingency reserves and ensure their appropriate utilization.
IT Project Scope
Responsible for monitoring and controlling costs across various technology projects, including:
- ERP Implementation Projects
- IT Infrastructure & Data Center Projects
- Cloud Computing Projects
- Network & Telecommunications Projects
- Artificial Intelligence & Data Analytics Projects
