can we have custom field which will help us track project status in the form of color indicator, like green for on track , red for lagging progress .
Jira doesn’t have fields associated with projects. Unsure how you would signify a project status. Maybe somehow assumed from number of issues completed vs open which isn’t a good indicator IMO. Regardless, this is not supported OOTB. The best I could recommend is to create a Dashboard that captures issue progress that could illustrate project progress. Note typically projects are never ending so again project status doesn’t make sense in that case. Maybe consider Epics within a project and leverage Advanced Roadmaps. You might also check Marketplace.
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