You can use the Key Statuses page to set status descriptions for the keys. For each initiative, you can create multiple statuses. For example, you can create a status called On Time, or Red, or any numeric value that describes the status of keys.
To create a status for keys:
Select the Application Configuration tab.
Click the Key Statuses link.
Click the Add a New Key Status button.
Enter a description of the status.
Select if you require users to add an explanation for this status.
Click Update.
To manage statuses:
Select the Application Configuration tab.
Click the Key Statuses link.
To edit the status:
Click the [Edit] link next to the status you want to edit.
Make the necessary changes and click the Update button
To delete a status:
Click the [Delete] link next to the status you want to delete.