Possible to send an email notification when there are changes on the Project Classification

Summary:

We exploring the possibility of implementing email notifications for Project Classification changes. Is this possible to have this feature on the current version?

Content (please ensure you mask any confidential information):

A notification email will be triggered whenever the Project Classification code changes from 'No' to 'Yes'. This notification will be sent to the Project Manager or any other designated recipient. Is this possible in the project financial management?

Version (include the version you are using, if applicable): 24D

Code Snippet (add any code snippets that support your topic, if applicable):