AFE

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 Authority Levels.
3. [PO]]s are created and attached to AFE to order things for the project.
4. [Invoices] are created and attached to the [PO]s 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

• 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