Project Controls Engineer III (Risk Management)

About the role

This role is responsible for providing project controls support to program and project leadership in one or more of the areas of planning and scheduling, cost, estimating, and change management/trends across a variety of programs/projects. The role documents and captures the project plan developed by program/project leadership, monitors and measures performance against the plan, and reports on key data metrics back to program/project leadership.

Responsibilities

• Provide project controls and risk management support to project teams.
• Lead quantitative risk analysis activities including schedule risk analysis (SRA), cost risk analysis (CRA), and probabilistic modeling to assess project uncertainties and confidence levels.
• Develop and maintain comprehensive risk registers, ensuring timely identification, assessment, quantification, and tracking of project risks across cost, schedule, technical, and programmatic domains.
• Conduct risk-informed analysis of project schedules and cost baselines, integrating risk mitigation strategies and contingency planning into project controls processes.
• Produce technical reports and executive summaries documenting risk analysis findings, including probability distributions, sensitivity analyses, and Monte Carlo simulation results.
• Create and distribute risk metrics, dashboards, and Key Performance Indicators (KPIs) to program/project leadership, tracking risk exposure trends, mitigation effectiveness, and emerging risk areas.
• Support the development of risk-adjusted forecasts and Estimates at Completion (EAC), incorporating quantitative risk assessment results into financial analyses and project performance reporting.
• Assist in the development and maintenance of project schedules with integrated risk analysis, ensuring accurate timelines, resource allocation, and critical path identification.
• Track and monitor project budgets, expenses, and financial forecasts with emphasis on risk-driven cost variance analysis and contingency burn-down tracking.
• Prepare periodic risk assessment reports and performance analyses for program/project leadership, translating complex quantitative data into actionable insights.
• Maintain professional demeanor and behavior at all times in all forms of communication.
• Execute the core tasks and responsibilities listed with minimal supervision.
• Based on assigned project, could perform detailed quantity surveys using on screen takeoff tools.
• Perform other duties as assigned by manager.

Requirements

• Bachelor’s degree in engineering is required.
• Typically, five plus years’ experience in engineering, project management or related industry experience.
• Experience utilizing the industry-known best practices in at least one of the areas below:
  • Planning and scheduling;
  • Cost management;
  • Estimating;
  • Change management and trends.
• Experience using project management software applications.
• Advanced software skills using on screen takeoff and estimating tools.
• Experience writing the basis of estimate documents.
• Knowledge of several construction and project disciplines.
• Basic understanding of engineering documents and derive quantities from them.
• Basic software application skills (i.e. Microsoft Word and Excel).

Location & Schedule

530 Gaither Road, Rockville, MD

• Work Site Expectations: 5 days in office
• Travel Expectations: 5% (as needed for project assignment)
• Hours: Standard office hours are 8:00am ET to 5:00pm ET, Monday - Friday

Pay

The salary range for this position is: $109,000 - $135,000

Benefits

• 401K plan with an employer match
• Medical/Dental/Vision Insurance
• Life and Disability Insurance
• Paid Time Off
• Tuition Reimbursement/Professional Development policy that supports the continuing education of employees