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Significance of "Project Status" in Sourcing

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Hi All

Does anyone know the significance of Project status in sourcing project. When I start creating a sourcing project, I do not see this field in overview page, however this field (Project Status) appears with default value "Gray" once I created the sourcing project. I see different project status i.e. Gray, Yellow, Green, Red when I try to edit overview details. Please let me know the significance of these fields.

 

 

Regards

Mangesh


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