When adding the status, you can specify the start date (1) as well as the end date of the project (2).
Thus your team will be able to access up-to-date information and observe in real time the expected time to completion (3) as well as the number of days remaining (4) to complete the tasks arising from the project.
If necessary, the status of the project as well as the start and end dates can be modified at any time by the workspace moderators.