Saudi Aramco GI 250.001 CONTROLLABLE COST REVIEW AND

This document, Saudi Aramco General Instruction GI 250.001, outlines the comprehensive monthly Controllable Cost review and approval procedures for all Saudi Aramco departments. It defines the elements of Controllable Costs and provides detailed guidance on utilizing the Operating Statement Dashboard (OSDB) for financial analysis.

The procedures cover preparation of the annual plan, monthly review of actual expenditures against planned amounts, and the investigation and reporting of variances. It also details the workflow process for submitting, reviewing, and approving operating statements, including roles and responsibilities, and procedures for error correction.

The document serves as a critical tool for strengthening financial control and enhancing awareness of operating expenditures across the organization. It delves into the structure of the Operating Statement, including revenue and various categories of controllable costs such as labor, materials, services, power, depreciation, and support services.

Furthermore, it explains how to interpret the OSDB data, including actuals, planned amounts, and variances, and provides guidance on general review procedures and analysis of the operating statement.