Typically, projects use the same statuses as other business objects in IBM® Marketing Operations. See
Statuses of business processes. However, projects can also be in a temporary state,
In Reconciliation. You can apply this status while you reactivate a completed or canceled project, update project information, then change the state back to its previous state (completed or canceled). For example, the owner of a project can make private changes to a canceled project.
The spirit of project reconciliation is that one can do anything within the project but nothing externally. That is, for the rest of the Marketing Operations system, the project is not available. For example, while a project is in reconciliation you cannot reassign tasks.