Difference between revisions of "AFE"

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===AFE life cycle===
 
===AFE life cycle===
 
#[[AFE]] is created for [[CAPEX]] projects by the [[AFE]] Owner.
 
#[[AFE]] is created for [[CAPEX]] projects by the [[AFE]] Owner.
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#[[AFE]] is approved in accordance with the [[Authority Levels]].
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#[[AFE]] is approved in accordance with the [[Approval Process]].
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#[PO]]s are created and attached to [[AFE]] to order things for the project.
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#[[PO]]s are created and attached to [[AFE]] to order things for the project.
−
#[Invoices] are created and attached to the [PO]s to pay for the ordered things.
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#[[Invoice]]s are attached to the [[PO]]s to pay for the ordered things.
 
#Project finished, [[AFE]] closes
 
#Project finished, [[AFE]] closes
 
#[[AFE]] actual duration is compared with planned duration
 
#[[AFE]] actual duration is compared with planned duration
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[[Category:E&P Finance]]
 
[[Category:E&P Finance]]
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{{#seo:
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|title=AFE
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|titlemode= replace
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|keywords=AFE
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|description=AFE - Authority for CAPEX expenditures.
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}}

Latest revision as of 09:35, 6 December 2018

AFE

AFE - Authority for CAPEX expenditures.

AFE life cycle

  1. AFE is created for CAPEX projects by the AFE Owner.
  2. AFE is approved in accordance with the Approval Process.
  3. POs are created and attached to AFE to order things for the project.
  4. Invoices are attached to the POs to pay for the ordered things.
  5. Project finished, AFE closes
  6. AFE actual duration is compared with planned duration
  7. AFE actual cost is compared with planned cost

AFE Attributes

  • Number
  • Code
  • CAPEX code
  • Description
  • Total Cost free of VAT
  • Total Cost incl. VAT
  • Project Start Date
  • Project Finish Date
  • Attached files

AFE Status

AFE Authorization

SumBudgetedUnbudgeted
0-100Authority LevelsAuthority Levels
100-200Authority LevelsAuthority Levels
etcAuthority LevelsAuthority Levels
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