diff --git a/addons/sale_timesheet/__manifest__.py b/addons/sale_timesheet/__manifest__.py
index 3e7f506f890..db60f494a92 100644
--- a/addons/sale_timesheet/__manifest__.py
+++ b/addons/sale_timesheet/__manifest__.py
@@ -22,6 +22,7 @@ have real delivered quantities in sales orders.
         'views/sale_order_views.xml',
         'views/product_views.xml',
         'views/project_task_views.xml',
+        'views/project_update_templates.xml',
         'views/hr_timesheet_views.xml',
         'views/res_config_settings_views.xml',
         'views/hr_timesheet_templates.xml',
diff --git a/addons/sale_timesheet/data/sale_service_demo.xml b/addons/sale_timesheet/data/sale_service_demo.xml
index 3f1832b8a84..c80189a23ff 100644
--- a/addons/sale_timesheet/data/sale_service_demo.xml
+++ b/addons/sale_timesheet/data/sale_service_demo.xml
@@ -1685,5 +1685,23 @@
             <field name="amount">-30.0</field>
         </record>
 
+        <record id="project_update_1" model="project.update" context="{'default_project_id': ref('project.project_project_1')}">
+            <field name="name">Weekly review</field>
+            <field name="user_id" eval="ref('base.user_demo')"/>
+            <field name="progress" eval="50"/>
+            <field name="status">on_track</field>
+        </record>
+        <record id="project_update_2" model="project.update" context="{'default_project_id': ref('project.project_project_2')}">
+            <field name="name">Weekly review</field>
+            <field name="user_id" eval="ref('base.user_admin')"/>
+            <field name="progress" eval="35"/>
+            <field name="status">on_hold</field>
+        </record>
+        <record id="project_update_3" model="project.update" context="{'default_project_id': ref('sale_timesheet.project_support')}">
+            <field name="name">Review of the situation</field>
+            <field name="user_id" eval="ref('base.user_admin')"/>
+            <field name="progress" eval="30"/>
+            <field name="status">at_risk</field>
+        </record>
     </data>
 </odoo>
diff --git a/addons/sale_timesheet/models/__init__.py b/addons/sale_timesheet/models/__init__.py
index d86f267756a..323cc920720 100644
--- a/addons/sale_timesheet/models/__init__.py
+++ b/addons/sale_timesheet/models/__init__.py
@@ -6,5 +6,6 @@ from . import account_move
 from . import product
 from . import project
 from . import project_overview
+from . import project_update
 from . import sale_order
 from . import project_sale_line_employee_map
diff --git a/addons/sale_timesheet/models/project.py b/addons/sale_timesheet/models/project.py
index ad0cf1a333b..29d071ebd78 100644
--- a/addons/sale_timesheet/models/project.py
+++ b/addons/sale_timesheet/models/project.py
@@ -6,6 +6,8 @@ from collections import defaultdict
 from odoo import api, fields, models, _
 from odoo.osv import expression
 from odoo.exceptions import ValidationError, UserError
+from odoo.tools import format_amount, float_round, float_is_zero
+from odoo.tools.misc import formatLang
 
 
 # YTI PLEASE SPLIT ME
@@ -251,6 +253,84 @@ class Project(models.Model):
         }
         return action_window
 
+    # ----------------------------
+    #  Project Updates
+    # ----------------------------
+
+    def get_panel_data(self):
+        panel_data = super(Project, self).get_panel_data()
+        return {
+            **panel_data,
+            'profitability_items': self._get_profitability_items()
+        }
+
+    def _get_profitability_items(self):
+        if not self.user_has_groups('project.group_project_manager'):
+            return {'data': []}
+        profitability = self.get_profitability_common()
+        data = []
+        if self.allow_timesheets and self.user_has_groups('hr_timesheet.group_hr_timesheet_user'):
+            data += [{
+                'name': _("Timesheets"),
+                'value': self.env.ref('sale_timesheet.project_profitability_timesheet_panel')._render({
+                    'timesheet_unit_amount': float_round(profitability['timesheet_unit_amount'], precision_digits=2),
+                    'timesheet_uom': self.env.company._timesheet_uom_text(),
+                    'is_timesheet_uom_hour': self.env.company._is_timesheet_hour_uom(),
+                    'percentage_billable': formatLang(self.env, profitability['timesheet_percentage_billable'], digits=0),
+                }, engine='ir.qweb'),
+            }]
+        if self.allow_billable:
+            margin_color = False
+            if not float_is_zero(profitability['margin'], precision_digits=0):
+                margin_color = profitability['margin'] > 0 and 'green' or 'red'
+            data += [{
+                'name': _("Revenues"),
+                'value': format_amount(self.env, profitability['revenues'], self.env.company.currency_id)
+            }, {
+                'name': _("Costs"),
+                'value': format_amount(self.env, profitability['costs'], self.env.company.currency_id)
+            }, {
+                'name': _("Margin"),
+                'color': margin_color,
+                'value': format_amount(self.env, profitability['margin'], self.env.company.currency_id)
+            }]
+        return {
+            'action': self.allow_billable and self.allow_timesheets and "action_view_timesheet",
+            'allow_billable': self.allow_billable,
+            'data': data,
+        }
+
+    def get_profitability_common(self):
+        self.ensure_one()
+        profitability = self.env['project.profitability.report'].read_group(
+            [('project_id', '=', self.id)],
+            ['project_id',
+             'timesheet_unit_amount',
+             'amount_untaxed_to_invoice',
+             'amount_untaxed_invoiced',
+             'expense_amount_untaxed_to_invoice',
+             'expense_amount_untaxed_invoiced',
+             'other_revenues',
+             'expense_cost',
+             'timesheet_cost',
+             'margin'],
+            ['project_id'])
+        timesheets = self.env['account.analytic.line'].read_group([('project_id', '=', self.id)], ['so_line', 'unit_amount'], ['so_line'])
+        timesheet_billable = timesheet_non_billable = 0.0
+        for timesheet in timesheets:
+            if timesheet['so_line']:
+                timesheet_billable += timesheet['unit_amount']
+            else:
+                timesheet_non_billable += timesheet['unit_amount']
+        return {
+            'costs': profitability and profitability[0]['timesheet_cost'] + profitability[0]['expense_cost'] or 0.0,
+            'margin': profitability and profitability[0]['margin'] or 0.0,
+            'revenues': profitability and (profitability[0]['amount_untaxed_invoiced'] + profitability[0]['amount_untaxed_to_invoice'] +
+                                           profitability[0]['expense_amount_untaxed_invoiced'] + profitability[0]['expense_amount_untaxed_to_invoice'] +
+                                           profitability[0]['other_revenues']) or 0.0,
+            'timesheet_unit_amount': profitability and self._convert_project_uom_to_timesheet_encode_uom(profitability[0]['timesheet_unit_amount']) or 0.0,
+            'timesheet_percentage_billable': timesheet_billable and timesheet_billable / (timesheet_billable + timesheet_non_billable) * 100 or 0.0,
+        }
 
 class ProjectTask(models.Model):
     _inherit = "project.task"
diff --git a/addons/sale_timesheet/models/project_update.py b/addons/sale_timesheet/models/project_update.py
new file mode 100644
index 00000000000..f32a0952412
--- /dev/null
+++ b/addons/sale_timesheet/models/project_update.py
@@ -0,0 +1,64 @@
+# -*- coding: utf-8 -*-
+# Part of Odoo. See LICENSE file for full copyright and licensing details.
+
+from dateutil.relativedelta import relativedelta
+
+from odoo import api, fields, models
+from odoo.tools import float_utils, format_amount
+from odoo.tools.misc import formatLang
+
+class ProjectUpdate(models.Model):
+    _inherit = 'project.update'
+
+    @api.model
+    def _get_template_values(self, project):
+        return {
+            **super(ProjectUpdate, self)._get_template_values(project),
+            'profitability': self._get_profitability_values(project),
+        }
+
+    @api.model
+    def _get_profitability_values(self, project):
+        if not (self.user_has_groups('project.group_project_manager') and (project.analytic_account_id and project.allow_billable or project.allow_timesheets)):
+            return {}
+        profitability = project.get_profitability_common()
+        start_of_month = fields.Date.context_today(self) + relativedelta(day=1)
+        timesheets_this_month = self.env['project.profitability.report'].read_group(
+            [('project_id', '=', project.id),
+             ('line_date', '>=', start_of_month)],
+            ['project_id',
+             'timesheet_unit_amount'],
+            ['project_id'])
+        timesheets_previous_month = self.env['project.profitability.report'].read_group(
+            [('project_id', '=', project.id),
+             ('line_date', '>=', start_of_month + relativedelta(months=-1, day=1)),
+             ('line_date', '<', start_of_month)
+             ],
+            ['project_id',
+             'timesheet_unit_amount'],
+            ['project_id'])
+        timesheet_unit_amount = timesheets_this_month and timesheets_this_month[0]['timesheet_unit_amount'] or 0.0
+        previous_timesheet_unit_amount = timesheets_previous_month and timesheets_previous_month[0]['timesheet_unit_amount'] or 0.0
+        return {
+            'allow_timesheets': project.allow_timesheets,
+            'analytic_account_id': project.analytic_account_id,
+            'month': start_of_month.strftime('%B %Y'),
+            'previous_month': (start_of_month + relativedelta(months=-1, day=1)).strftime('%B'),
+            'is_timesheet_uom_hour': self.env.company._is_timesheet_hour_uom(),
+            'timesheet_uom': self.env.company._timesheet_uom_text(),
+            'timesheet_unit_amount': formatLang(self.env, project._convert_project_uom_to_timesheet_encode_uom(timesheet_unit_amount), digits=0),
+            'previous_timesheet_unit_amount': formatLang(self.env, project._convert_project_uom_to_timesheet_encode_uom(previous_timesheet_unit_amount), digits=0),
+            'timesheet_trend': formatLang(self.env,
+                                          previous_timesheet_unit_amount > 0 and ((timesheet_unit_amount / previous_timesheet_unit_amount) - 1) * 100 or 0.0,
+                                          digits=0),
+            'costs': format_amount(self.env, -profitability['costs'], self.env.company.currency_id),
+            'revenues': format_amount(self.env, profitability['revenues'], self.env.company.currency_id),
+            'margin': profitability['margin'],
+            'margin_formatted': format_amount(self.env, profitability['margin'], self.env.company.currency_id),
+            'margin_percentage': formatLang(self.env,
+                                            not float_utils.float_is_zero(profitability['costs'], precision_digits=2) and -(profitability['margin'] / profitability['costs']) * 100 or 0.0,
+                                            digits=0),
+            'billing_rate': formatLang(self.env,
+                                       not float_utils.float_is_zero(profitability['costs'], precision_digits=2) and -(profitability['revenues'] / profitability['costs']) * 100 or 0.0,
+                                       digits=0),
+        }
diff --git a/addons/sale_timesheet/static/src/xml/sale_project_templates.xml b/addons/sale_timesheet/static/src/xml/sale_project_templates.xml
index 0801ecf264b..8447c320668 100644
--- a/addons/sale_timesheet/static/src/xml/sale_project_templates.xml
+++ b/addons/sale_timesheet/static/src/xml/sale_project_templates.xml
@@ -5,4 +5,39 @@
         Create Sales Order
     </button>
 
+    <t t-inherit="project.ProjectRightPanel" t-inherit-mode="extension" owl="1">
+        <xpath expr="//div[hasclass('o_rightpanel_section')][1]" position="before">
+            <t t-if="state.data.user.is_project_manager &amp;&amp; state.data.profitability_items.data.length > 0">
+                <t t-set="profitability_items" t-value="state.data.profitability_items"/>
+                <div class="o_rightpanel_section">
+                    <div class="o_rightpanel_header">
+                        <div class="o_rightpanel_title">
+                            <t t-if="profitability_items.allow_billable">Profitability</t>
+                            <t t-else="">Recorded Hours</t>
+                        </div>
+                        <span class="o_rightpanel_button" t-if="profitability_items.action">
+                            <a t-on-click="onProjectActionClick"
+                            t-att-data-action="profitability_items.action"
+                            data-type="object">
+                            See Overview
+                            </a>
+                        </span>
+                    </div>
+
+                    <div class="o_rightpanel_data">
+                        <div t-foreach="profitability_items.data" t-as="profitability" t-key="profitability.name" class="o_rightpanel_data_row">
+                            <span class="o_rightpanel_left_col o_rightpanel_left_text"><t t-esc="profitability.name"/></span>
+                            <t t-if="profitability.color">
+                                <span t-attf-class="o_rightpanel_right_col o_color_{{profitability.color}}"><b><t t-esc="profitability.value"/></b></span>
+                            </t>
+                            <t t-else="">
+                                <span class="o_rightpanel_right_col"><t t-esc="profitability.value"/></span>
+                            </t>
+                        </div>
+                    </div>
+                </div>
+            </t>
+        </xpath>
+    </t>
+
 </templates>
diff --git a/addons/sale_timesheet/views/project_update_templates.xml b/addons/sale_timesheet/views/project_update_templates.xml
new file mode 100644
index 00000000000..7858faff0a4
--- /dev/null
+++ b/addons/sale_timesheet/views/project_update_templates.xml
@@ -0,0 +1,47 @@
+<?xml version="1.0"?>
+<odoo>
+    <template id="project_update_default_description" inherit_id="hr_timesheet.project_update_default_description">
+        <xpath expr="//div[@name='milestone']" position="after">
+            <hr t-if="profitability"/>
+            <div name="profitability" t-if="profitability">
+                <h1>Profitability</h1>
+
+                <t t-if="project.allow_timesheets and user.has_group('hr_timesheet.group_hr_timesheet_user')">
+                    In <t t-esc="profitability['month']"/>,
+                    <b>
+                        <t t-if="profitability['is_timesheet_uom_hour']" t-esc="profitability['timesheet_unit_amount']"/>
+                        <t t-else="" t-esc="profitability['timesheet_unit_amount']"/>
+                        <t t-esc="profitability['timesheet_uom']"/>
+                    </b> have been recorded on the project vs.
+                        <t t-if="profitability['is_timesheet_uom_hour']" t-esc="profitability['previous_timesheet_unit_amount']"/>
+                        <t t-else="" t-esc="profitability['previous_timesheet_unit_amount']"/>
+                        <t t-esc="profitability['timesheet_uom']"/>
+                    in <t t-esc="profitability['previous_month']"/> (<t t-esc="profitability['timesheet_trend']"/> %).
+                </t>
+
+                <t t-if="project.analytic_account_id and project.allow_billable and user.has_group('project.group_project_manager')">
+                    The cost of the project is now at <t t-esc="profitability['costs']"/>, for a revenue of <t t-esc="profitability['revenues']"/>, leading to a
+                    <span>
+                        <font t-if="profitability['margin'] &gt; 0"  style="color: rgb(0, 128, 0)">
+                            <b><t t-esc="profitability['margin_formatted']"/></b>
+                        </font>
+                        <font t-elif="profitability['margin'] &lt; 0" style="color: rgb(128, 0, 0)">
+                            <b><t t-esc="profitability['margin_formatted']"/></b>
+                        </font>
+                        <t t-else="" t-esc="profitability['margin_formatted']"/>
+                    </span> margin (<t t-esc="profitability['margin_percentage']"/> %), and a <b><t t-esc="profitability['billing_rate']"/> % billing rate</b>.
+                </t>
+            </div>
+        </xpath>
+    </template>
+
+    <template id="project_profitability_timesheet_panel" name="Timesheet Profitability">
+        <t t-if="is_timesheet_uom_hour" t-esc="timesheet_unit_amount" t-options='{"widget": "float_time"}'/>
+        <t t-else="" t-esc="timesheet_unit_amount"/>
+        <t t-if="not is_timesheet_uom_hour">
+            <t t-esc="timesheet_uom"/>
+        </t>
+        (<t t-esc="percentage_billable"/> % billable)
+    </template>
+
+</odoo>