Capital Work InProgress (CWIP)
Reviewing monthly VP CWIPreport received from Asset team for prioritizing projects to becapitalized.
Preparing Quarterly CWIPreport by monitoring the projects performance closely and uponcompletion of any project, in coordinating with Senior CostEngineers, initiating the asset capitalization process in timelymanner to avoid audit queries.
As a partof yearly closing plan, preparing the CEO Memo for write-off ofCWIP for cancelled projects during the year. Ensuring the correct& valid end-user and departmental approvals are attachedwith the Memo to CEO.
Maintaining the supporting documents in therespective folders. Also, updating the cancelled projects databasefor any new cancelled project.
Authorization For Expenditures (AFEs) & BudgetRevisions / Supplementary Budget
Ensuringbudget revisions and supplementary budgets are prepared followingKPI timeline for management approval as per Qatar PetroleumDirectorate Manuals of Authority.
Also ensuring project teamprovides valid supporting documents such as General TenderCommittee (GTC) approval or higher management approval for budgetrevisions.
s in compliance with QP policy andprocedures.
Releasing the budget for thecancelled projects as soon as the relevant documents arereceived.