Target – The Target status indicates that the project is a potential opportunity that your company is aiming to pursue. It represents a project that you are actively targeting and considering for further action.

Declined – The Decline Declined status indicates that your company has decided not to pursue or participate in that particular project. This status is assigned when you have evaluated the project and determined that it is not a suitable fit for your business.

Active – The Active status signifies that the project is currently in progress and actively being worked on. It indicates that your company is engaged in various activities, such as evaluating, quoting, and communicating with the Client.

Quote Ready – The Quote Ready status indicates that you have prepared a quotation or proposal for the project and it is ready to be submitted to the Client. This status suggests that your company has completed the Quote and is ready for review and approval from upper management.

Quote Approved – When the project has the Quote Approved status, it means that your manager has reviewed your Quote and has approved it to be submitted to the Client.

Submitted – The Submitted status represents that the quotation or proposal for the project has been submitted to the Client.

Won – The Won status indicates that your company has successfully secured the project. It means that the Client has chosen your company’s proposal or quotation over others, and the project has been awarded to your organization.

Lost – The Lost status signifies that your company did not win the project. It means that the Client has selected another company’s proposal or quotation, and your organization was not awarded the project.

Live – The Live status indicates that your Project has started operationally. This means your Company is on site and have commenced working on this Project.

Completed – The Completed status indicates that the Project has been completed operationally. This means your Company has completed all works on site and have handed the Project over to the Client.

Understanding these project statuses is essential for tracking and managing the progress of projects. It helps you stay updated on the current stage of each project, make informed decisions, and allocate resources effectively based on the status of the project.