Yes, they’re different. An AFE is more about specific expenditures, while a budget request covers overall financial planning, like the big picture.
If it's a no-go, you'll typically receive feedback on why. You'll want to address those concerns before trying to get it approved again.
Yes, you can make changes! Just remember to follow the proper channels for resubmission so it doesn’t get lost in the shuffle.
The approval time can vary. Sometimes it's quick, like a flash, while other times it might drag on a bit. It's best to check with your team for specifics.
Usually, it needs approval from project managers, finance teams, or other higher-ups in the organization. Think of it as needing a boss's okay before moving forward.