Project Progress - is also called Physical Progress or Actual Progress. It's the actual work done for each work package as understood and updated by the project manager
Planned Progress - expected progress baseline in your project schedule
Budget Progress - calculated differently based on your project billing type:
For Reimbursable projects: actual revenue divided by planned revenue
For Fixed Price projects: actual cost divided by planned cost
Timeline Progress - measures how far your project has progressed from its start date to end date. Essentially tracking your project's position along its overall timeline.
Actual (Progress) - is also called Physical Progress or Project Progress. It's the actual work done for each work package as understood and updated by the project manager
Forecast (Progress) - displays predicted future progress based on current project performance and historical data
Planned - Total planned budget of the project. Also know as Budget at Completion
ITD - Inception to Date is total actuals allocated to the project for the time period
YTD - (Financial or Calendar) Year to Date
WIP - Work in Progress is actuals not yet invoiced
SPI - Schedule Performance Index indicates the efficiency of the schedule. An SPI greater than 1 means the project is ahead of schedule
CPI - Cost Performance Index indicates the efficiency of the cost. A CPI greater than 1 means the project is under budget
RPI - Revenue Performance Index indicates the efficiency of the revenue. A RPI greater than 1 means the project is earning more revenue than planned for the time period
EAC - Estimate at Completion is total estimated budget of the project at completion
VAC - Variation at Completion is how much over or under budget you expect to be at the end of the project
Earned margin - a project's margin calculated on an ongoing basis using earned value methodology.
Where we differentiate Proteus from other PM tools is that the 'value' part of earned value includes both cost and revenue, allowing Proteus to calculate a project's margin continuously throughout the project lifecycle. This is a critical measure for engineering companies as it provides real-time visibility into project profitability.