When you create or edit a project you can enter the estimated or budgeted hours for that project:

As you and your team log time to the project, the dashboard provides a bar graph indicating how many of the estimated work hours you have used up. The chart changes color as you get closer to your estimated time:

This serves as an indicator of how many hours you have devoted to a project and lets you know when you’re at risk of surpassing your budgeted time. The streamline display of the dashboard makes it easy to quickly check the status of all your projects at once: