You can define a list of indicators to track the progress of a project on various aspects such as budget, planning or quality. An assessment value is associated with a color scheme to indicate the progress or status of various aspects of your project. You can define assessment values such as red for 'risk', green for 'good' and amber for 'needs attention'.

Let's assume you want to track the progress of your project based on three aspects: budget, planning and quality. For this, you create three indicators Budget, Planning, and Quality. You also create three assessment values: red for 'risk', green for 'good' and amber for 'needs attention'. You can now add the indicators to the project and assign assessment values to them.