A Project Status is provides an overview of a project's current position and progression. The project status is crucial in project management as it serves as a tool for communication between team members, stakeholders, and clients, giving them a clear understanding of the project's advancement and any potential obstacles or delays. It is a key component in maintaining transparency, managing expectations, and facilitating decision-making in a project's lifecycle.

In order to identify the list of Status that will be available, it needs to be set under Manage Organization > Project Status. Once set, the values indicated will be available in the Organization Homepage and should be available in the list under "Status" column.