Lead Cost Management Specialist

2 weeks ago

Washington, United States Library of Congress Full time
Position Overview
This role is situated within the Financial Services Directorate, under the Office of the Chief Operating Officer. The incumbent will engage in a flexible work schedule and will not hold supervisory responsibilities.

Key Responsibilities
The selected candidate will:
  • Develop and sustain credible Independent Cost Estimates (ICEs) for designated Library initiatives.
  • Conduct Independent Cost Assessments (ICAs) and formulate, execute, and oversee the policies, procedures, and standards for cost management practices across the Library.
  • Evaluate cost-related risks, communicate necessary corrective measures, and collaborate with Service Unit leadership on budgetary and scheduling matters.
  • Engage in collaborative communication with Service Units and subject matter experts (SMEs) to create cost estimates and related management practices.
  • Direct and prepare ICEs and ICAs, delivering independent cost estimates for the Library's programs and projects, both IT and non-IT, in close collaboration with relevant Service Units.
  • Develop and manage a cost estimation model and methodology to facilitate effective cost management practices.
  • Apply extensive knowledge and experience with cost estimation software, while remaining informed about federal budgeting practices.
  • Provide guidance and oversight for Library-wide cost estimation practices.

Professional Requirements
The role demands:
  • Expertise in parametric modeling, risk analysis, regression techniques, and IT cost estimation.
  • Ability to prepare comprehensive cost estimates at various stages of program and project lifecycles.
  • Capability to conduct feasibility studies, trade-off analyses, and assess risks and schedules.
  • Skill in constructing and monitoring data accumulation models to deliver accurate, evidence-based cost information for management.
  • Proficiency in preparing periodic reports on monitoring results and recommendations as required by cost estimation governance.

Collaboration and Training
The incumbent will:
  • Coordinate and facilitate meetings with management and stakeholders to discuss estimates, policies, and procedures.
  • Support independent cost reviews for programs and projects exceeding certain thresholds.
  • Provide program management with cost-related data for performance evaluation.
  • Establish a tracking system to monitor actual versus planned performance.
  • Share best practices in cost estimation with Library program managers and offer supplementary training on the Life Cycle Cost Estimate (LCCE) process.

Policy Development
The position involves:
  • Leading the development of comprehensive cost management policies and procedures for various Library programs.
  • Conducting analyses and providing recommendations to formalize cost management governance.
  • Advising on the selection and execution of pilot studies to enhance policies and procedures.
  • Creating and revising user manuals and training materials to improve program management efficiency.

Qualifications
Applicants should possess progressively responsible experience and training that equip them with the necessary knowledge, skills, and abilities to perform the duties of this position effectively. Key abilities include:
  • Development of independent cost estimates.
  • Creation of cost management policies and procedures.
  • Monitoring project costs and providing evidence-based information to management.

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