Authority for Expenditure (AFE) is a formal approval or authorisation of expenditure for a project by the authorised organisation representative. An AFE is a budgetary document, usually prepared by the business development department that is listed the projected expenses for a particular project or a phase of a project and authorises an individual or group to spend a certain amount of money for that project. Failure to approve an AFE may result in delay or cancellation of the proposed project or subsequent operation.
Related Definitions in the Project: The Project Cost; Project Management; Project Controls
