The budget performance range specifies the colors and labels for the budget performance indicator. Metrics Management calculates budget performance values by comparing two budget values in an initiative, for example, the actual vs. planned budget values. The budget values used in the calculation depend on the comparison series selected for the initiative. Table 1‑5 shows the formulas that Metrics Management uses to calculate the budget value for each comparison series.

The budget index has a range of 0‑200%. The default label for an index range of 160-200% is very poor, for 105‑160% is poor, for 95‑105% is caution, for 50‑95% is good, and for 0‑50% is excellent. Ranges cannot overlap. An initiative must specify a budget value to display a budget performance indicator.