Senior Engineer Cost Control
OMAN Qaboos (OQ)
Total years of experience :14 years, 5 Months
• Preparation of detailed Cost Report/ Budget and reporting to Oman Oil Corporation (OOC), Ministry of Gas (MOG) and Ministry of Finance (MOF)
• Monitoring of Cost Booking in correct WBS with proper Cost Account and Expenditure Type
• Translation of Project Forecasts into Rolling Financial Projections
• Managing and reporting revenue analysis to MOG
• Forecasting and Controlling of In Country Valuation (ICV) done by Oman Gas Company (OGC)
• Monitoring and Controlling of Owner's Cost
• Exercise of Cost to Complete (Budget at Completion-BAC, Estimate to Complete-ETC, Estimation at Completion-EAC, Variance at Completion-VAC)
• VARIANCE ANALYSIS to determine deviation between projected & actual results (Cost Variance-CV, Schedule Variance-SV, Cost Performance Index-CPI, Schedule Performance Index-SPI)
• Perform Trend Analysis and advise project management team of any deviations from budgets and recommend corrective actions
• Managing and reporting Management of Change (MOC) for contract amendments
• Validation of Contractor and Third Party Service providers work progress
• Co-ordination with Finance regarding MIS and other requirements
• Lead preparation and settlement of Outgoing claim (Contractors)
• Preparation of timely audit reports for executive management, audit committee and the Board of Directors
Projects Handling:
• Gas Supply to Duqm Industrial Area (Pipeline EPC) - OMR 70.14 Million
• Duqm GSS & Spurline EPC - OMR 21.42 Million
• Gas Supply to New Power Plant in North - Part A - OMR 57.25 Million
• Gas Supply to New Power Plant in North - Part B&C - OMR 35.84 Million
• Monitoring of Cost Booking in correct CBS with proper Cost Account and Expenditure Type
• Preparation of detailed Cost Report
• Translation of Project Forecasts into Rolling Financial Projections, adapting Standard Costing
• Preparation of Monthly Foreign Currency Hedging requirement
• Monitoring of Revaluation of Contract Value in regard to Hedged Rate
• Exercise of Cost to Complete (Budget at Completion-BAC, Estimate to Complete-ETC, Estimation at Completion-EAC, Variance at Completion-VAC)
• VARIANCE ANALYSIS to determine deviation between projected & actual results (Cost Variance-CV, Schedule Variance-SV, Cost Performance Index-CPI, Schedule Performance Index-SPI)
• Perform Trend Analysis and advise project management team of any deviations from budgets and recommend corrective actions
• Validation of Sub-Contractor and Third Party Service providers work progress
• Leading Site Report verification by Project Director and approval by Client
• Preparation of client invoice in line with the achieved Milestones and attained Value of Work Done-VOWD
• Lead preparation and settlement of Outgoing claim (Client/sub-contractors/consortium)
• Preparation of timely audit reports for executive management, audit committee and the Board of Directors
• Managing External auditors
Projects Handled:
• BPCL - LSTK Package for NHT, PENEX and Balance of Units for MS Block Project at Kochi Kerala (INR 9, 387.60 Mio)
• HPCL - Sulphur Recovery Unit Block at Vizag Andhra Pradesh (INR 13, 935.44 Mio)
• Vedanta - Integrated Gas Surface Facilities for Raageswari Deep Gas Field at Barmer Rajasthan (USD 197.82 Mio)
• Earned Value Analysis (EVM, EVA)
• Preparation of detailed Cost Report
• Translation of Project Forecasts into Rolling Financial Projections
• Exercise of Cost to Complete (BAC, ETC, EAC, VAC)
• VARIANCE ANALYSIS to determine difference between projected & actual results (CV, SV, CPI, SPI)
• Perform Trend Analysis and advise project management team of any deviations from budgets and recommend corrective actions
• Preparation of consolidated reports, including milestone summary, key issues, benefits
• Preparation of client invoice in line with the attained VOWD
• Lead preparation and settlement of Outgoing claim (Client/sub-contractors/consortium)
• Change Order (CO)/ Order Amendment Management
• Preparation of timely audit reports for executive management, audit committee and the Board of Directors
• Managing External auditors
Projects Handling:
• WISON-Construction Services for GAS PHASE IV DBN Project (SAR 21.28 Mio)
• SATORP-Fire Protection System at Berth 54 & 62 (SAR 95.87 Mio)
• GAS - Nitrogen Pipeline Construction Project (SAR 13.99 Mio)
KEY ATTAINMENTS:
• Successful implementation of Project Risk Register in SENDAN
• Successful Implementation of Debtors Management Template in SENDAN
• Leading Project Technical Support for Oracle Project Module in SENDAN
• Managing Project Risks & designing Project Risk Register
• Managing correct posting of cost elements in the proper WBS with the correct cost accounting codes
• Earned Value Analysis (EVM, EVA)
• Vendor and sub-contractor invoice checking and reconciliation with work progress
• Monitoring Cost to Control in line with the physical/technical progress at site (BAC, ETC, EAC, VAC)
• Managing and monitoring Variance Analysis with the project budget line (CV, SV, CPI, SPI)
• Controlling and monitoring purchase savings by direct involvement in the procurement activity
• Contractual Claim Management/ Order Amendment (Scope Variation, Schedule Variation, Price Escalation)
• Preparation of external/client invoice as per construction progress at site
Project Handled:
• National Thermal Power Corporation - Khargone Ultra Super Critical 2X660 MW Coal Based Power Plant (INR 57640 Mio)
Key Attainments:
• Successful implementation of Project Health review practice in Larsen & Toubro
• Successful implementation of Project Cost Deviation Management Procedure in Larsen & Toubro
• Preparation of Project Commercial Contract
• Billing Schedule Preparation and client approval
• Management of Bank Guarantees (BGs) and Letter of Credit (LCs)
• Revenue and Cash Flow Forecasting/Rolling Plan in line with approved project schedule and site arrangement
• Project Business Division Revenue and Cash Flow Rolling Plan Management
• Identifying Project Risks & designing Project Risk Register
• Managing correct posting of cost elements in the proper WBS with the correct cost accounting codes
• Earned Value Analysis (EVM, EVA)
• Vendor and sub-contractor invoice checking and reconciliation with work progress
• Monitoring Cost to Control in line with the physical/technical progress at site (BAC, ETC, EAC, VAC)
• Managing and monitoring Variance Analysis with the project budget line (CV, SV, CPI, SPI)
• Client Invoicing and collection, debtor management
• Client Interaction
• Contractual Claim Management/ Order Amendment (Scope Variation, Schedule Variation, Price Escalation)
• Managing external statutory auditors along with internal performance audit team
Projects Handled:
• Rashtriya Ispat Nigam Limited - Vizag Steel Plant Revamp Blast Furnace (INR 2703 Mio)
• National Mineral Development Corporation - 3.0 MTPA Sinter Plant (INR 3853 Mio)
• Bokaro Steel Plant - Hot Dip Galvanizing Line & Electronic Cleaning Line (INR 2066 Mio)
• Visa Steel Plant - 70T Vacuum Degassing Plant (INR 72 Mio)
Key Attainments:
• Accomplished KGSL VD project with margin improvement to 29.2% from initial margin of 13%, in SIEMENS
• Led the claim settlement for price variation with NMDC Govt. board, in SIEMENS
ISFS, Dehradun is highly recognized institution in providing certification courses in management courses. . This course is an MBA course and the specialties is Finance. I got selected in the course after securing rank in the merit list in the required examination organized by the institution The course covered all the financial systematic and analysis of project business as well as organizational finance. Awarded with scholarship for securing position in the 3rd semester by university. Received certification from CYGNUS Business Module for doing business analysis program as well as participating in live bidding procedure. Did internship program as "Valuation of Indian Telecommunication Industry" using all the finance tools.
I have secured rank in all India Joint Entrance Examination to get the chance to get enrolled in this course. Sant Gadge Baba Amaravati University is one of the premier institutions in India in providing engineering courses. I competed my engineering studies in Electronics and Telecommunication. During the four years of this course, various electronics tools and models have been taught to me as EDC (Electronica Device and Circuits), MP (MIcroprocessor), EM (Engineering Mathematics), ED (Engineering Drawings) etc.
I have completed my higher secondary in Science major, comprising of Physics, Chemistry, Mathematics and Biology. My language stream was English.
I have done my primary schooling in general stream. My studies included English, history, Geography, Mathematics, Physical science, life science and political science.