Hi Candace,
It is totally doable. Here are the steps:
1. Create an ad hoc table with a filter for projects with status = NEW (or any other filter) . Make sure there is only a single row in the table.
2. Right click the table and click on Show Full Datapath
3. Copy the Datapath text
4. Insert a button
5. Right click the button and click on Edit Datapath and paste the datapath you coped in step #3 and Click OK
6. Right Click the button and click on Properties
7. In the Button Text field, enter: NEW <%=METRICNAME%>
where METRICNAME is the name of the column or metric that has the information you need.
Click Apply and you should see your metric.
Let me know if you are facing issues. Basically the steps are to give context to the button and then use apptioscript to show the dynamic value.
Good Luck!
Sanjay V.