Status List in SharePoint 2010

Introduction

Today, in this article let's play around with one of the interesting and most useful concepts in SharePoint 2010.

Question: What is a Status List?
 
In simple terms it "Displays a status of a particular activity towards meeting its goal".
 
I think we are now good to go and implement this wonderful concept.

Step 1: Open SharePoint 2010 Central Administration and navigate to a specific site:

Step 2: Navigate to "Site Actions" -> "More Options...":

Step 3: Select status list from the listed category. Give a name to the status list:

Step 4: The status list has been created. The site looks like this:

Step 5: Adding a new status:

Step 6: The status has been added and the site looks like this:

I hope this article is useful for you. I look forward to your comments and feedback.