The Project Status feature lets you set up a list of possible statuses. These lists are separate for each of your teams.
Once a Status has been added, it will available on any Project for the relevant team.
To add a project status by team:
Go to Settings tab
Click Status Editor from left navigation
Click 'Add New' button. Pop-up window appears then fill-in status name, select the team where status will be relevant, display order and choose color (optional).
Then click 'Add' button to save.
To edit or delete a status, just hover your mouse into each status name.
'Edit' and 'Delete' icon will be displayed for selection.
Project Status can be changed by double-clicking them on the Project Details Page or by editing the Project.