Project control analyst vs cost analyst

The differences between project control analysts and cost analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a project control analyst and a cost analyst. Additionally, a project control analyst has an average salary of $74,284, which is higher than the $54,158 average annual salary of a cost analyst.

The top three skills for a project control analyst include project controls, project management and WBS. The most important skills for a cost analyst are cost analysis, financial analysis, and cost estimates.

Project control analyst vs cost analyst overview

	Project Control Analyst	Cost Analyst
Yearly salary	$74,284	$54,158
Hourly rate	$35.71	$26.04
Growth rate	11%	3%
Number of jobs	75,656	60,034
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 73%	Bachelor's Degree, 74%
Average age	44	47
Years of experience	4	4

What does a project control analyst do?

A project control analyst is in charge of overseeing the progress of a project, ensuring smooth workflow and timeliness. Their responsibilities revolve around monitoring the performance of the workforce, addressing project inquiries, managing schedules, and budgets, participating in quality control, and handling issues and concerns promptly and efficiently. They must also conduct research and analysis to identify areas needing improvement for optimal performance. Furthermore, as a project control analyst, it is essential to perform clerical tasks such as producing progress reports and assessments, all while adhering to the company's policies and regulations.

What does a cost analyst do?

Cost Analysts are employees with a strong background in finance or accounting. They are in charge of collecting financial data and analyzing the entries. They study the company's expenses and prepare pertinent reports. Cost Analysts look for inconsistencies in the financial data. This way, they can assist in auditing the company's spending. Cost Analysts also look for inefficiencies. They do so by tracking item costs and department budgets and monitoring department expenses. They are also involved in budget-setting activities.

Project control analyst vs cost analyst salary

Project control analysts and cost analysts have different pay scales, as shown below.

	Project Control Analyst	Cost Analyst
Average salary	$74,284	$54,158
Salary range	Between $56,000 And $98,000	Between $39,000 And $73,000
Highest paying City	San Francisco, CA	Washington, DC
Highest paying state	New Jersey	Virginia
Best paying company	Meta	General Motors
Best paying industry	Construction	Automotive

Differences between project control analyst and cost analyst education

There are a few differences between a project control analyst and a cost analyst in terms of educational background:

	Project Control Analyst	Cost Analyst
Most common degree	Bachelor's Degree, 73%	Bachelor's Degree, 74%
Most common major	Business	Business
Most common college	Northwestern University	University of Pennsylvania

Project control analyst vs cost analyst demographics

Here are the differences between project control analysts' and cost analysts' demographics:

	Project Control Analyst	Cost Analyst
Average age	44	47
Gender ratio	Male, 46.1% Female, 53.9%	Male, 54.2% Female, 45.8%
Race ratio	Black or African American, 8.3% Unknown, 4.5% Hispanic or Latino, 9.0% Asian, 12.3% White, 65.7% American Indian and Alaska Native, 0.2%	Black or African American, 10.1% Unknown, 4.7% Hispanic or Latino, 16.1% Asian, 8.6% White, 59.5% American Indian and Alaska Native, 1.0%
LGBT Percentage	12%	13%

Differences between project control analyst and cost analyst duties and responsibilities

Project control analyst example responsibilities.

Invoice and manage financial resources for a complex CPFF FBI program.
Manage and provide reporting for all task order EVMS requirements using wInsight and MPM.
Provide quick and accurate pricing support on multiple IDIQ task orders, which lead to faster submission and turnaround.
Maintain compliance through observing SOX mandates and managing risks across cash collections, follow-up receivables and credit limit reviews.
Manage subcontractor purchase requisitions, material and subcontractor procurement, processing invoices, and prepare accruals.
Develop infrastructure to enable clients to better understand and manage risks associate with their decision environment to capture opportunities.

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Cost analyst example responsibilities.

Manage general ledger expense accounts assign to ERP implementation project.
Develop, maintain financial models/applications (VBA Excel/Access) to automate and streamline business processes and perform financial analysis.
Perform cost control, revenue analysis and variance analysis for several DOD contracts.
Identify parts that need to be realign to correct WBS s in order to bring costs inline.
Ensure that purchase orders and work orders are setup in accordance with establish DuPont procedures and appropriate WBS structures.
Perform fixed asset and manufacturing accounting within ERP system.

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Project control analyst vs cost analyst skills

Common project control analyst skills

Project Controls, 9%
Project Management, 8%
WBS, 4%
Variance Analysis, 4%
Project Cost, 4%
Program Management, 4%

Common cost analyst skills

Cost Analysis, 8%
Financial Analysis, 6%
Cost Estimates, 6%
Data Analysis, 4%
DOD, 4%
Variance Analysis, 4%

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Updated January 8, 2025

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