Here you can add/edit/delete Project Progresses.
The Manage Project Progresses form is where you can edit your list.
Progresses allow you to designate what "state" a Project is in. There is a column that displays this field in the Project Explorer so you can easily filter your Projects by this field:
The Progress field can be updated at any time for a Project by editing the Project Information.
You can add/delete Progresses from your list. You can also use the Move Up/Down buttons to position Progresses. When adding a Progress, you will give it a name as well as choose a Status from a list of three options: Open, Won, Lost.
These Status designations are used in the new Dashboard Explorer to determine which Projects you want to view for a particular Dashboard.