A Cost Analyst is a professional who evaluates the costs associated with a company's operations, projects, or products. They analyze financial data to identify areas where expenses can be reduced and efficiency can be improved. By examining budgets, forecasts, and financial reports, they help organizations make informed decisions about spending and resource allocation. Cost Analysts often work closely with other departments, such as finance, operations, and project management, to provide insights that support strategic planning. Their role is crucial in ensuring that a company remains profitable while maintaining quality and competitiveness in the market.