---
description: Each project comes with a pre-defined metrics dashboard
---
# Metrics
{% embed url="https://storage.googleapis.com/arize-phoenix-assets/assets/videos/project_metrics_overview.mp4" %}
Traces that are sent to a project are automatically indexed for metrics. This lets you quickly identify areas of poor performance. The project metrics dashboard includes:\
* Trace latency and errors
*  Latency Quantiles
* Annotation Scores Timeseries
* Cost over Time by token type
* Top Models by Cost
* Token Usage by token type
* Top Models by Tokens
* LLM Invocation and Errors
* Tool calls and Errors
## Next Steps
* How [setup-projects.md](../how-to-tracing/setup-tracing/setup-projects.md "mention")
* How to configure [cost-tracking](../how-to-tracing/cost-tracking/ "mention")
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