How do I enable Cost Allocations and Components for a Portfolio Financials project?
Note
The information in this FAQ applies to accounts with the Portfolio Financials product in Procore. Reach out to your Procore point of contact for more information.Background
Cost Allocations allow you to allocate budgets, holds, contracts, schedule items, and change orders to sub-projects called components using percentage-based allocation rules. Components are sub-projects that you can allocate and track costs with. Budgets, holds, contracts, schedule items, and change orders can all be assigned to components based on the percentage-based logic of the allocation rules tagged to them. See What are Cost Allocations and Components in Portfolio Financials? for more information.
Answer
You can enable Cost Allocations when adding a new Portfolio Financials project, or by changing the settings on an existing project.
To enable Allocations for a new project:
- From the Dashboard, click Add New Project.
- Enter project details in the fields as necessary.
- Click the toggle under 'Project will be broken down into components' to the ON
position. - Click Add.
To enable Allocations for an existing project:
- On the Project Page, click the vertical ellipsis
icon next to the project's name. - Click Edit Project.
- Click the toggle under 'Project will be broken down into components' to the ON position.
- Click Save Changes.