The Project Status Date field is used by several features covered in this chapter. It represents the date up to which status has been recorded or will be recorded. This is useful when there is a lag time between the time that resources record their status and the date you are able to update the project. For example, your resources send you email on Friday afternoon reporting how much progress they have made up to Friday afternoon, but you do not update the project until Monday. You would then set the Status date to be Friday so that the progress reported was recorded up to Friday and NOT up to Monday.