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]].
#[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

  1. AFE is created for CAPEX projects by the AFE Owner.
  2. AFE is approved in accordance with the Authority Levels.
  3. POs are created and attached to AFE to order things for the project.
  4. Invoices are created and 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