IT Project Cost Manager

Job description / Role

An IT Project Cost Manager plays a critical role in overseeing and managing the financial aspects of IT projects within an organization.

• The primary responsibility is to ensure that IT projects are executed within budget constraints and financial resources are optimized.
• This role involves collaborating with project managers, financial analysts, and other stakeholders to control costs, develop budgets, and provide financial insights to support decision-making.

Requirements

• Work closely with project managers to develop accurate cost estimates for IT projects.
• Create and maintain detailed project budgets, considering various cost elements such as hardware, software, labor, third-party services, and contingency.
• Conduct financial analyses to identify potential cost-saving opportunities and risks.
• Monitor project expenditures against approved budgets and provide regular financial reports to project stakeholders.
• Develop financial forecasts for ongoing and future IT projects.
• Anticipate potential cost overruns and work with project teams to implement corrective actions.
• Analyze variances between budgeted and actual costs, investigating and reporting on the reasons behind discrepancies.
• Collaborate with project managers to understand project dynamics and adjust financial plans accordingly.
• Identify and assess financial risks associated with IT projects.
• Develop risk mitigation strategies to minimize financial impact on projects.
• Communicate financial information effectively to project teams, executives, and other stakeholders.
• Collaborate with cross-functional teams to align financial goals with project objectives.

About the Company

Saudi Networkers Services, incorporated in 2001 with an aim to provide the world class business and consulting services through a combination of market insight, technical excellence and unrivalled agile methodology.

Our success stems from building strong relationships and trusted partners, which enabled us delivering exceptional services to public sector, as well as some world's leading organizations, in Telecommunication, Information Technology, Cyber Security, Banking, Energy, Utilities and various other industry arenas.

We collaborate closely, ideate that how the work gets done, while working alongside businesses to collaborate on growth and applying breakthrough innovations, that drive exponential impact, managed by teams specialized in their assigned industry sectors.