Project performance is shown differently depending on the project type - Fixed Priced or Time & Materials (T&M). The project performance chart helps you see how your project is tracking, and your past and future revenue.

However, both allow you to see how you are tracking against your budget, when you may go over budget and, if you are using timesheets, are automatically adjusted based on timesheet entries (actuals).

For T&M projects, the project performance chart will help you keep track of how the project is going against the budget, and whether you'll need to adjust your plans or even the budget.

It can be used to help predict your project performance and see where the money is being earned.
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It also helps you see what has already been completed or earned, and what is still to be done / how much is still to be earned.

For T&M projects, performance can be viewed as:

Shows you how many billable hours or days have been completed, how many hours or days are still to come, the total, and the budget.

Shows the revenue earned in the past and future, and the total revenue based on the budget.

For T&M projects, the revenue is calculated from the project's billable hours and the charge-out rates you have set for each role in the budget or rate card.

Shows the people costs in the past and future, and the total project cost.

The costs are based on each role's "default internal role cost" unless you have set up a "cost to business" rate for the person in their contract.

For fixed-price projects, performance can be viewed as:

Shows you how many billable hours or days have been completed, how many hours or days are still to come, the total, and the budget.

Shows the revenue earned in the past and future, and the total revenue based on the budget.

On the graph, you will also see the benchmark line. This is how much revenue you would earn if the project was charged as a T&M project. The benchmark is calculated from your project's billable hours and the project charge-out rates you have set for each role in the budget or rate card.

The T&M benchmark helps you understand if a project is performing better or worse than if it was charged as T&M. Ideally, every fixed-priced project would come in over the T&M benchmark.

Shows the people costs in the past and future, and the total project cost.

The costs are based on each role's "default internal role cost" unless you have set up a "cost to business" rate for the person in their contract.

Please remember: Timesheet actuals will be used in these calculations if present. If you don't use timesheets, the scheduled hours will be used.