Project Control Analyst

Project control analysts are affixed to specific project groups or workgroups within the company to play as data-related support to the group. Analysts in project control conduct study and analyze data to support the overall objectives for their group(s) by monitoring financial budgets, forecasting financial requirements monitoring and reporting on the outcome information, ensuring compliance with the legal and corporate regulations as well as performing ad-hoc analysis of data for the participants in the team.

Based on the type of industry the project control analyst may be able to ensure that projects remain within their scope of work and oversee timetables for goods or services, assist in scheduling the development of staff as required and conduct profitability analyses, conduct various weekly or regular data reports and plan data forecasting timetables.

Regarding education, the majority of firms require their project managers to have bachelor's degrees in related fields, like business administration, as well as many years of working experience in the same field. Project control analysts should be proficient in spreadsheets. Companies often require specialized knowledge of relevant software platforms like Costpoint, Hyperion, Fusion and other related software. Most of the time project analysts be subordinate to project managers and are employed full-time in an office setting.

Effective Project Control Analysts are usually focused, analytical and able to effectively evaluate information. Analysts must be able to work on their own and also in larger groups. They should have exceptional communications skills. Additionally, the constant requirement for writing reports requires good writing skills too.

As a Project Control Analyst with 9+ years of experience in the United States, your main responsibilities include:

• Conducting comprehensive project analysis, including budgeting, forecasting, and risk assessment, to ensure successful project execution and delivery.
• Developing and implementing project control mechanisms such as earned value management and performance measurement techniques to monitor project progress and identify deviations.
• Providing regular project status reports to stakeholders, highlighting key metrics, trends, and potential risks to facilitate informed decision-making.
• Collaborating with cross-functional teams to establish and maintain effective project control processes, ensuring alignment with organizational goals and objectives.

For a Project Control Analyst job role, the following qualifications are required:

• Strong analytical skills to analyze project data, identify trends, and provide insights to support decision-making and project planning.
• Proficiency in using project management tools and software to monitor project progress, track costs, and ensure adherence to timelines and budgets.
• Excellent attention to detail to review project documentation, contracts, and financial reports, ensuring accuracy and compliance with regulations.
• Effective communication and interpersonal skills to collaborate with project teams, stakeholders, and clients, providing regular updates, resolving issues, and maintaining positive relationships.

The Project Control Analyst job role requires 9+ years of experience in the United States. Here are following alternative roles for professionals in this field:

• Project Manager: A role that involves leading and overseeing projects from initiation to completion, ensuring timely delivery, budget management, and stakeholder communication.
• Business Analyst: A position focused on analyzing and improving business processes, gathering requirements, conducting feasibility studies, and facilitating project implementation.
• Program Coordinator: A role that involves coordinating multiple projects within a program, ensuring alignment with organizational goals, and managing cross-functional teams.
• Risk Analyst: A position focused on identifying and assessing risks associated with projects, developing risk mitigation strategies, and monitoring risk exposure throughout the project lifecycle.

The job role of a Project Control Analyst in the United States is expected to exhibit significant growth in the market. According to a 10-year analysis, the demand for this position is projected to increase steadily. With advancements in technology and increased emphasis on project management across various industries, employment opportunities for Project Control Analysts are expected to be abundant in the future. Google's latest data points support this trend, indicating a positive outlook for this role in terms of growth and career prospects.