The Project Economical Manager (PEM) is responsible for building, managing, and ensuring the project’s full cost commitment across Advanced Project, Project, and Serial Life phases. This role consolidates all economic elements of the project, ensuring cost targets are met and the cost/performance ratio remains optimal. The PEM leads and oversees all initiatives that have potential cost impacts throughout the project lifecycle.Key ResponsibilitiesStructure and oversee project cost management activities in alignment with established “Job Share,” “Pay Share,” and RASI frameworks.Consolidate and validate all economic components of the project to support decision-making and ensure financial alignment with project goals.Monitor cost performance, identify variances, and lead corrective action plans to stay within approved targets.Manage and evaluate all cost-related risks, opportunities, and tradeoffs.Collaborate cross-functionally with engineering, procurement, finance, and project teams to maintain accurate cost data and forecast expectations.Support project leadership by delivering transparent cost reporting, dashboards, and economic analyses.Ensure cost management processes, tools, and methodologies are fully applied according to company standards.
