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Celoxis provides visual, traffic signal like indicators to inform the task assignees and the project managers of the current status of the tasks.

Signal          When
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A task is On Time if its Projected Finish is before or on its finish date.

[ Projected Finish <= Finish date ]

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Task is not expected to be completed by the deadline based on its % complete so far.

[ Projected Finish > Finish date AND Present Date < Finish date ]
Note: This will only be shown for projects in "Execution" phase. 

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Task has not been completed by the finish date.

[ Task is not 100% complete AND Present date > Finish date ]

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The task was supposed to start but could not because of its incomplete predecessors.

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The task has not yet started, and the task date is in Future. 

When a task is marked as complete, i.e., %Complete=100%, then the health indicators are shown depending on the Planned Finish and Actual Finish. For e.g. if a task had a planned finish of 22nd October but finished on 1st November, i.e., Finish(Actual)= 1st November, and then the health indicator will reflect Off Track since the task was completed late.

...

Based on the task % complete and the actual cost incurred, the projected cost is derived. The projected cost is then compared with the budget or Cost (Est) if Budget is not specified, based on which Celoxis displays the visual (Budget) health indicators.

SignalWhen
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Actual

Projected cost is less than or equal to the budget

[

Actual

Projected Cost <= Budget OR Cost (Est)

if Budget is not specified

]

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Actual

Projected cost has exceeded the budget.

[

Actual

Projected Cost > Budget OR Cost (Est) AND Actual Cost < Budget OR Cost (Est)

if Budget is not specified

]

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Actual cost is more than the budget.

[ Actual Cost > Budget OR Cost (Est) if Budget is not specified ]

For instance, your budget for a task is $200 (this includes labor, material, and fixed cost if any). Now, when you spend $200 on the task, ideally your task should have been 100% completed. If your task is 50% complete and you have spent $100, Celoxis displays the green signal indicating that your project is "On Budget".
But if you have spent $150, and your project is only 50% completed, that means by the time your project is 100% complete, you would have spent $300 by the current rate of spending. In such a situation, Celoxis displays the signal indicating that your task budget is At Risk. And if your actual cost spent exceeds $200 Celoxis displays the signal indicating your task is Over Budget.