Elements and Performance Criteria
- Assist with the development of the project budget
- Determine estimated costs for tasks and activities and communicate these costs to others for inclusion in project budget
- Map costs against duration/effort and resources allocated, and communicate to project manager for inclusion in the project plan, budget and expenditure flow
- Contribute to the development of cost management strategies and processes, and financial authorisation within delegated authority
- Monitor project costs
- Monitor income and expenditure against the agreed project plan and budgets to facilitate cost management throughout the project life cycle
- Use established cost management methods, techniques and tools to identify and report variations in the budget to higher project authority for action
- Implement and monitor agreed actions and report progress to others to ensure cost objectives are achieved throughout the project life cycle
- Contribute to cost finalisation process
- Provide assistance in the finalisation and transfer of financial assets, liabilities and records to the client or relevant operational support agency
- Provide assistance in the review of project outcomes by use of project records, to determine the effectiveness of initial and subsequent cost management strategies and processes
- Report cost management issues and responses to project/program manager for application in future projects