Occupation

223932 Cost Controller

Latest release
Consultation draft: Australian and New Zealand Standard Classification of Occupations (ANZSCO)
Cite
Reference period
July 2024
Released
25/07/2024
Next release Unknown
First release

223932 Cost Controller

Measures, analyses, and monitors the cost of projects throughout their lifecycle to ensure completion within allocated budgets, and recommends changes to reduce expenses.

Alternative title

  • Project Cost Controller

ANZSCO skill level

This occupation has a skill level corresponding to the qualifications and experience below.

Australia

  • Skill Level 1: Bachelor Degree, higher qualification, or at least five years of relevant experience

New Zealand

  • Skill Level 1: Bachelor Degree, higher qualification, or at least five years of relevant experience

Main tasks

  • Analyses production and cost data to determine if projects will be completed within the allocated budget, and to forecast expenses and potential cost savings
  • Analyses and maintains records of the variance between allocated budgets and actual project costs using cost control tools
  • Oversees the distribution of budgeted funds throughout the lifecycle of projects to identify variances and provide recommendations to minimise cost overruns
  • Develops and analyses cost reports, and communicates the results to the project team and managers