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Capital Oversight (Job Family)

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Location: Columbus, OH, United States
Date Posted:
Req ID: R00935924

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Job Title:  Senior Project Cost Analyst

Job Code:  107297


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.


Principal Duties and Responsibilities

  • 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

  • Bachelor’s Degree in Business, Accounting, Finance, Construction Management, Engineering or related field
  • Five years of experience working in Microsoft Excel, or equivalent software program, with responsibilities for data manipulation, integration and subsequent report generation. Additional qualifying experience in excess to the minimum stated above may be substituted for the required education on a year for year basis.
  • Valid driver’s license.

Preferred Additional Qualifications for Position

  • Experience in large industrial Capital Project environments.


The preceding description is not designed to be a complete list of all duties and responsibilities required of the position.

Inclusion & Diversity 
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 and take into consideration diversity within your Team/Customers and external work partners by valuing different world views, challenges, and cultures that represent 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, genetic information, 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. 

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.

Salary Range:

$91,000.00 - $160,500.00

Posting Start Date:


Posting End Date (if applicable):

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

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