Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjs/update-project-perfor mance-data-and-generate-kpis.html#OAPJS16654

Performance Status Indicator

Performance status indicators give an immediate picture of the status of a project, such as critical, at risk, and on track. Each distinct icon indicates the status and severity of performance. During KPI definition, you first associate status indicators with performance statuses:

Critical

Severe

At risk

On track

Ahead

You then associate these statuses with threshold levels. When KPI values are generated for a project, each value is compared to the defined thresholds and the corresponding status indicator for the KPI appears on project performance reports.

A status can identify negative performance so that you can take the appropriate actions to prevent or quickly resolve problems. Conversely, a status can identify positive performance to help you track expected or excellent performance.

https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/fapfm/implementing-project-financial-managemen t-applications.html#FAPFM975706

Create Key Performance Indicators

Create key performance indicators (KPI) to measure how well your organization performs an operational, tactical, or strategic activity that is critical for the current and future success of the organization.

Note: To create KPIs you must enable a project unit to track key performance indicators.

Use the Threshold Levels section to specify thresholds to indicate the health status of a KPI. Select one of the following options:

Multiple threshold levels

Single threshold level value

Single threshold level range