GE Vernova is accelerating the path to more reliable, affordable, and sustainable energy, while helping our customers power economies and deliver the electricity that is vital to health, safety, security, and improved quality of life.
About the Role
The Cost Analyst will be responsible for driving cross functional cost walks from OTR (order to remittance) budget at handover through completion of a new unit project.
Responsibilities
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 (Inquiry to Order)/IPM (Internal Project Manager) on lessons learned for future bids/budgets
Minimize leakage
Run risk & opportunity analysis
Monitor project risk release
Conduct ad-hoc analyses on estimating headwinds cost implications
Cost out analysis
Provide cost out team with cost line item assumptions
Support initiative owners to estimate savings associated with their cost-out ideas using GE internal cost benchmark data
Change order analysis
Coordinate functional estimates for change order cost
Track variance to budget of approved change orders (actual vs planned spend)
Claim analysis
Estimate costs associated with claims projects claims