If your AFE gets the boot, don't sweat it. You can usually revise it or discuss it with the approver to find out what’s holding it back.
Yes, you can make changes to your AFE if necessary. Just be sure to communicate any changes to the approvers so everyone’s on the same page.
Approval time can vary, but usually, it shouldn’t take too long if everything is in order. Just remember to factor in some wiggle room for unforeseen delays.
Typically, your AFE needs the thumbs-up from your department head or a designated authority. Basically, someone needs to wave the checkered flag before you proceed.
An AFE is a document that gives the green light to spend funds on a specific project. It's like saying, 'Go ahead, make it happen!'