When viewing your project list in Console, you will see a Project link, Project status, and Web app link. Account admins will also see the option to Archive projects, as well as create new projects.
Here's how this might look:
What do the different statuses mean?
Not started: Nothing has been done in the project
In progress: Some but not all checkpoints have been passed (no failed checkpoints)
Failed checks: There are one or more failed checkpoints within the project
Complete: All checkpoints have been either passed or set to N/A
This is designed to help you see at a glance which projects have been started, and how the work is progressing.