These operational support services focus on project cost control and consist mainly of:

• defining cost breakdown structure for capital and operating expenditures
• coordinating, updating and realizing forecasts, estimate to complete
• estimating capital expenditures using parametric models
• determining adequate contingency allowances
• ensuring and handling financial information feedback from the project team and engineering disciplines
• closing accounting ledgers, calculating cost actuals
• estimating earned value
• performing budget planning
• reporting costs to several levels of responsibilities
• analyzing, explaining variances and calculation assumptions
• identifying risks and opportunities
• optimizing and ensuring contract compliance

Project Cost and Status Report – Sample