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. | ||
| − | #[[AFE]] is approved in accordance with the [[Approval Process]. | + | #[[AFE]] is approved in accordance with the [[Approval Process]]. |
#[[PO]]s are created and attached to [[AFE]] to order things for the project. | #[[PO]]s are created and attached to [[AFE]] to order things for the project. | ||
#[[Invoice]]s are attached to the [[PO]]s to pay for the ordered things. | #[[Invoice]]s are attached to the [[PO]]s to pay for the ordered things. | ||
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[[Category:E&P Finance]] | [[Category:E&P Finance]] | ||
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| + | {{#seo: | ||
| + | |title=AFE | ||
| + | |titlemode= replace | ||
| + | |keywords=AFE | ||
| + | |description=AFE - Authority for CAPEX expenditures. | ||
| + | }} | ||
Latest revision as of 09:35, 6 December 2018
AFE
AFE - Authority for CAPEX expenditures.
AFE life cycle
- AFE is created for CAPEX projects by the AFE Owner.
- AFE is approved in accordance with the Approval Process.
- POs are created and attached to AFE to order things for the project.
- Invoices are attached to the POs to pay for the ordered things.
- Project finished, AFE closes
- AFE actual duration is compared with planned duration
- 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
- Status: Open/Closed
- Approval Status
- Budgeted: yes/no
AFE Authorization
| Sum | Budgeted | Unbudgeted |
| 0-100 | Authority Levels | Authority Levels |
| 100-200 | Authority Levels | Authority Levels |
| etc | Authority Levels | Authority Levels |
