Project Cost Analyst (Job Family)

***Level will be determined based on experience: Associate, Project, or Senior Project Cost Analyst***

Job Summary
Provide integrated project cost management. Seamlessly integrate project management methodology, processes, tools, techniques, and information management systems to effectively manage project costs throughout the project life cycle. Relate other subsidiary project management systems with cost management; integrate cost management processes with the other core management systems; scope, cost, schedule and risk management.
Perform integrated cost initiation, cost planning, cost execution, cost monitoring, cost control, cost closure, and cost lessons learned within and between projects in the Major Project performance repository.
Expand proficiency in scope management and WBS organization, schedule management, quality management, and risk management and provide integrated project planning and baseline development. Integrate risk management with project estimating; time phase planning costs along the project schedule; apply earned value planning, reporting and management. Establish effective cost and schedule forecasting; Apply quality planning and control for proactive cost (opportunity) management.
Integrate cost engineering and project management capability and competence using industry standards (AACE, PMI, Construction Management Industry, etc.) and best practice application to integrate knowledge areas for optimum application.
Engage project stakeholders to integrate cost management with schedule management, risk management, and project quality management. Utilize effective communication processes to disseminate relevant and timely cost information to enhance project decision making.
Apply risk and quality management to drive objective based management to increase project performance.
Provides cost analysis for Electric and Gas transmission and distribution projects and Generation projects ranging from $500k to $400M.







Essential Functions

• Increase proficiency in cost analysis and integrated cost and schedule forecasting using quantitative risk management tools and techniques (Expected Monetary Value and Sensitivity Analysis) to better predict project cost performance and enable timely corrective, preventive, and predictive action.
• Develop qualitative integrated project baselines that are used to effectively measure project performance and provide the ability to take corrective/preventive/predictive action. Apply the cost of quality to cost management.
• Applies integrated objective risk management to the project baselines to optimize project risk responses.
• Orchestrates contract commercial management, facilitates contract payments, conduct contract performance assessment and reporting and initial contract performance analysis and contract commercial forecasting. Performs contract reviews relative to payment requirements and supporting documentation.
• Applies core project controls expertise.
• Review and coordinate the management and utilization of project management guidelines, project management standards, processes, job aids, and tools.
• Integrates all project management subsidiary systems to improve project performance.
• Directs cost effort.
• Tailors cost management processes.
• Tailors/creates cost management tools/techniques to advance cost performance.
• Provides continuous life cycle cost estimating/forecasting with increased predictability.
• Manages the project budget and cost performance baseline.
• Evaluate manpower, labor hours, and labor cost requirements versus budget limitations, perform cost and schedule analysis, and make corrective/preventive recommendations.
• Maintains/manages project Estimate at Completion and recommends areas of improvement to project stakeholders.
• Works to implement cost predictive (opportunity) actions.
• Perform standard and advanced project and special project cost reporting as anticipated for the project stakeholders; compiles and produces cost reports as needed.
• Uses schedule analysis techniques to optimize schedule and cost performance; identifies corrective, preventive, and predictive project actions to enhance probability of achieving project objectives.
• Apply integrated project management proficiency in core integration; scope, cost, and schedule.
• Optimize product life cycle costing competence.
• Assist the project management team, Major Project managers, Director, and other relevant stakeholders in retrieving cost management information and reporting.
• Applies integrated thinking to cost management that facilitates improved objective performance.
• Utilize communication competence to drive effective project cost decision making. The Senior Cost Analyst will manage in accordance with Industry standards, the NiSource Project Management Guidelines and Standards, and industry best practices.
  
• Required Qualifications For Position
  
  
  High School Diploma High School Diploma and 3-5 years of experience working in Microsoft Excel, or equivalent software program, with responsibilities for data manipulation, integration and subsequent report generation OR
  
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  DL NUMBER - Driver License, Valid and in State Upon Hire
  
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• Preferred Additional Qualifications for Position
  
  
  
• Bachelor's Degree Bachelor's Degree in Business, Accounting, Finance, Construction Management, Engineering or related field plus 5 years in financial/cost management experience.
• 7-9 years Bachelor's Degree and seven years of experience working in Microsoft Excel, or equivalent software program, with responsibilities for data manipulation, integration and subsequent report generation Experience in large industrial Capital Project environments.
  
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• Physical Demands
  
  
  
  
  
  
  The preceding description is not designed to be a complete list of all duties and responsibilities required of the position.

As a public utility, NiSource is required to provide continuous service to customers at all times. To ensure we fulfill that obligation, employees may be required to work outside their normal work hours and perform tasks outside of their normal responsibilities in support of emergency operations.

Work Authorization

Authorized to work in the United States without requiring sponsorship.

Workplace Connection
Value inclusion within your day to day responsibilities by respecting others perspectives/convictions, engaging others opinions, creating a safe environment where people, ideas, and opinions are valued within your Team/Customers and external partners.

Respect the unique lived experiences within your Team/Customers and external work partners by valuing different world views, challenges, and cultures that represents all walks of life and all backgrounds.

Treat others with respect and consideration. Actively participate in creating and contributing to a positive work environment.

Equal Employment Opportunity
NiSource is committed to providing equal employment opportunities in each of its companies to all employees and applicants for employment without regard to race, color, religion, national origin or ancestry, veteran status, disability, gender, age, marital status, sexual orientation, gender identity, sex (including pregnancy, lactation, childbirth or related medical conditions), genetic information, citizenship status, or any protected group status as defined by law. Each employee is expected to abide by this principle.

By applying, you may be considered for other job opportunities.

ADA Accommodations

If you need a reasonable accommodation to participate in any part of the hiring process or to perform the essential functions of the position, please contact OneHR at [email protected] or 1-888-640-3320

Safety Statement
Promote a safe work environment by actively participating in all aspects of our employee safety program. Report any unsafe conditions and take actions to prevent personal injuries. Support our interdependent safety culture by ensuring the safety of your co-workers. Stay focused on the task at hand and promote productivity through good work habits.

E-Verify

NiSource participates in the U.S. Department of Homeland Security’s E-Verify program. As part of this process, we provide the following notices to all job applicants: These documents inform you of your rights and responsibilities under U.S. law. You can view or download them using the links below:

• E-Verify Poster (English and Spanish) E-Verify Participation Poster English and Spanish
• Right to Work Poster (English and Spanish) If you have the right to work, don't let anyone take it away

Salary Range*:

*The salary offered to a candidate is based on several factors including but not limited to the candidate’s skills, job-related knowledge, and relevant experience , as well as internal pay equity .

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Please note that the job posting will close on the day before the posting end date.