Allocate Funds to Projects

Allocate portions of a capital fund to specific projects to establish authorized spending ceilings before work begins. Distributing funds at the portfolio level gives project teams clear visibility into their available balances and prevents over-extending organizational resources. Tracking allocations across projects ensures accurate financial governance across your portfolio.

• Required User Permissions on the company's Funding Sources tool.

• Additional Information:

  • Allocation Reduction Limitations: Ensure an allocation is not reduced below the greater of the project's Total Appropriated or Total Committed value.

  • Reclaiming Unused Capital: Reduce a completed project's allocation down to its actual appropriated or committed amount to return remaining balances to the unallocated pool.

  • A single funding source can be divided across multiple active projects

  • Confirm that project level funding functionality is enabled in the Company level Funding Sources settings to display allocated funds on projects.

1. Navigate to the company's Funding Sources tool.

2. Click the name or number of the funding source you want to allocate.

3. Click + Add Project.

4. Select a project from the Project drop-down menu.

5. Enter the dollar value in the Allocated Amount field.

6. Click Save.