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. Money spent based on POs attached to AFE.
4. Project finished, AFE closed
5. 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