Difference between revisions of "AFE"

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#[[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]].
−
#Money spent based on [[PO]]s attached to [[AFE]].
+
#[PO]]s are created and attached to [[AFE]] to order things for the project.
−
#Project finished, [[AFE]] closed
+
#[Invoices] are created and attached to the [PO]s 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]] actual cost is compared with planned cost
  

Revision as of 12:25, 30 January 2017

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

AFE Authorization

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