Project status tracking is an essential part of any successful business. It is the process of monitoring the progress of a project, from its inception to its completion. It is important to track the progress of a project in order to ensure that it is on track to meet its goals and objectives. Project status tracking involves collecting data on the progress of the project, analyzing it, and reporting it to stakeholders. This data can include information on project milestones, tasks, resources, and budgets. By tracking the progress of a project, businesses can identify potential problems and take corrective action to ensure that the project is completed on time and within budget. Project status tracking also helps businesses make informed decisions about future projects and investments. By having a clear understanding of the progress of a project, businesses can make better decisions about how to allocate resources and time. Project status tracking is an important part of any successful business and should be done regularly to ensure that projects are completed on time and within budget.