Examples for Using Class Categories
Class categories and class codes enable you to classify projects. The following example illustrates how you can use project classifications.
Scenario
In Fusion Corporation designs and implements heavy engineering projects for government and private customers. Because InFusion Corporation maintains a diverse portfolio of contracts, the ability to track sector and funding is very important to corporate management.
Therefore, the organization classifies projects by market sector and funding source. The following table describes the two class categories used.
Class Category |
Assign to All Projects |
One Class Code per Project |
Enter Percentage for Class Codes |
Description |
---|---|---|---|---|
Market Sector |
Yes |
Yes |
No |
Market sector in which project work takes place. A single class code must be provided on the project for the class category. |
Funding Source |
Yes |
No |
Yes |
Source of funding for project. At least one class code must be provided on the project for the class category. Percentages must be provided to indicate contribution for each source. |
The following table describes the class codes available for the categories specified in the previous table.
Class Category |
Class Code |
Description |
---|---|---|
Funding Source |
Private |
Project funded by private organizations |
Funding Source |
Federal |
Project funded by the federal government |
Funding Source |
State or Local |
Project funded by a state or local government |
Funding Source |
Foreign |
Project funded by a foreign government |
Market Sector |
Utilities |
Project involves utility or power plant construction |
Market Sector |
Waste |
Project involves waste disposal or recycling facility constructions |
Market Sector |
Mechanical |
Project involves mechanical design and engineering work |
Market Sector |
Structural |
Project involves structural design and engineering work |
InFusion management can easily assess projects based on the class categories and codes listed in the previous table.
For example, you specify a class category Funding Source on your project. With this category, you select two class codes: Private and Federal. If you assign 30 percent to Private and 70 percent to Federal, then you indicate the proportion of funding received for your project from the two sources.
On the other hand, because you must select a single market sector, you indicate whether project work involves utilities, waste, mechanical, or structural activities.