Difference between revisions of "AFE"
From wiki.pengtools.com
| Line 6: | Line 6: | ||
#[[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 [[Authority Levels]]. | #[[AFE]] is approved in accordance with the [[Authority Levels]]. | ||
| − | #[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. |
| − | #[Invoices] are created and attached to the [PO]s to pay for the ordered things. | + | #[[Invoices]] are created and 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 | ||
Revision as of 12:26, 30 January 2017
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 Authority Levels.
- POs are created and attached to AFE to order things for the project.
- Invoices are created and 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 |
