diff --git a/frontend/src/app/modules/grids/openproject-grids.module.ts b/frontend/src/app/modules/grids/openproject-grids.module.ts
index f0dd7f06e7..54df0a45fd 100644
--- a/frontend/src/app/modules/grids/openproject-grids.module.ts
+++ b/frontend/src/app/modules/grids/openproject-grids.module.ts
@@ -63,6 +63,7 @@ import {WidgetTimeEntriesProjectComponent} from "core-app/modules/grids/widgets/
 import {WidgetSubprojectsComponent} from "core-app/modules/grids/widgets/subprojects/subprojects.component";
 import {OpenprojectAttachmentsModule} from "core-app/modules/attachments/openproject-attachments.module";
 import {WidgetMembersComponent} from "core-app/modules/grids/widgets/members/members.component";
+import {WidgetProjectStatusComponent} from "core-app/modules/grids/widgets/project-status/project-status.component";
 
 @NgModule({
   imports: [
@@ -88,6 +89,7 @@ import {WidgetMembersComponent} from "core-app/modules/grids/widgets/members/mem
                                   WidgetWpOverviewComponent,
                                   WidgetProjectDescriptionComponent,
                                   WidgetProjectDetailsComponent,
+                                  WidgetProjectStatusComponent,
                                   WidgetSubprojectsComponent,
                                   WidgetTimeEntriesCurrentUserComponent,
                                   WidgetTimeEntriesProjectComponent]),
@@ -121,6 +123,7 @@ import {WidgetMembersComponent} from "core-app/modules/grids/widgets/members/mem
     WidgetWpGraphComponent,
     WidgetProjectDescriptionComponent,
     WidgetProjectDetailsComponent,
+    WidgetProjectStatusComponent,
     WidgetSubprojectsComponent,
     WidgetTimeEntriesCurrentUserComponent,
     WidgetTimeEntriesProjectComponent,
@@ -317,6 +320,14 @@ export function registerWidgets(injector:Injector) {
             name: i18n.t('js.grid.widgets.project_details.title')
           }
         },
+        {
+          identifier: 'project_status',
+          component: WidgetProjectStatusComponent,
+          title: i18n.t(`js.grid.widgets.project_status.title`),
+          properties: {
+            name: i18n.t('js.grid.widgets.project_status.title')
+          }
+        },
         {
           identifier: 'subprojects',
           component: WidgetSubprojectsComponent,
diff --git a/frontend/src/app/modules/grids/widgets/project-status/project-status.component.html b/frontend/src/app/modules/grids/widgets/project-status/project-status.component.html
new file mode 100644
index 0000000000..e24b198436
--- /dev/null
+++ b/frontend/src/app/modules/grids/widgets/project-status/project-status.component.html
@@ -0,0 +1,29 @@
+<widget-header
+    [name]="widgetName"
+    [icon]="'info1'"
+    [editable]="isEditable">
+
+  <widget-menu
+      [resource]="resource">
+  </widget-menu>
+</widget-header>
+
+<div class="grid--widget-content">
+  <div class="content-grid">
+    <div class="left-column">
+      <div class="traffic-lights">
+        <div class="light" [ngClass]="{'-active':currentStatusCode === 'off_track'}">
+          <div class="bulb -red" [attr.title]="availableStatuses['off_track']"></div>
+        </div>
+        <div class="light" [ngClass]="{'-active':currentStatusCode === 'at_risk'}" >
+          <div class="bulb -yellow" [attr.title]="availableStatuses['at_risk']"></div>
+        </div>
+        <div class="light" [ngClass]="{'-active':currentStatusCode === 'on_track'}">
+          <div class="bulb -green -active" [attr.title]="availableStatuses['on_track']"></div>
+        </div>
+      </div>
+      <div class="current-status" [innerHtml]="availableStatuses[currentStatusCode]"></div>
+    </div>
+    <div class="right-column" [innerHtml]="explanation"></div>
+  </div>
+</div>
diff --git a/frontend/src/app/modules/grids/widgets/project-status/project-status.component.sass b/frontend/src/app/modules/grids/widgets/project-status/project-status.component.sass
new file mode 100644
index 0000000000..fc00d2d233
--- /dev/null
+++ b/frontend/src/app/modules/grids/widgets/project-status/project-status.component.sass
@@ -0,0 +1,83 @@
+.traffic-lights
+  width: 40px
+  height: 100px
+  padding: 5px
+  border: 1px solid gray
+  border-radius: 2px
+
+.light
+  width: 30px
+  height: 30px
+  padding: 5px
+  &:hover,
+  &.-active
+    padding: 0px
+    animation-name: shrink-padding
+    animation-duration: 200ms
+  &.-active
+    .-green
+      background-color: green
+    .-yellow
+      background-color: orange
+    .-red
+      background-color: red
+
+.bulb
+  width: 20px
+  height: 20px
+  border-radius: 50%
+  border-width: 1px
+  border-style: solid
+  &.-green
+    border-color: green
+  &.-yellow
+    border-color: orange
+  &.-red
+    border-color: red
+
+.light
+  &:hover,
+  &.-active
+    .bulb
+      width: 30px
+      height: 30px
+      border-width: 4px
+      animation-name: increase-size
+      animation-duration: 200ms
+
+.current-status
+  margin-top: 10px
+
+.content-grid
+  display: flex
+  flex-direction: row
+  width: 100%
+
+.left-column
+  flex: 1
+  flex-direction: column
+  flex-basis: content
+  max-width: 100px
+  padding-right: 20px
+
+.right-column
+  flex: 2
+  flex-direction: column
+
+@keyframes shrink-padding
+  from
+    padding: 5px
+  to
+    padding: 0px
+
+@keyframes increase-size
+  from
+    width: 20px
+    height: 20px
+    border-width: 1px
+    background-color: transparent
+  to
+    width: 30px
+    height: 30px
+    border-width: 4px
+    background-color: transparent
diff --git a/frontend/src/app/modules/grids/widgets/project-status/project-status.component.ts b/frontend/src/app/modules/grids/widgets/project-status/project-status.component.ts
new file mode 100644
index 0000000000..80482880a9
--- /dev/null
+++ b/frontend/src/app/modules/grids/widgets/project-status/project-status.component.ts
@@ -0,0 +1,115 @@
+// -- copyright
+// OpenProject is a project management system.
+// Copyright (C) 2012-2015 the OpenProject Foundation (OPF)
+//
+// This program is free software; you can redistribute it and/or
+// modify it under the terms of the GNU General Public License version 3.
+//
+// OpenProject is a fork of ChiliProject, which is a fork of Redmine. The copyright follows:
+// Copyright (C) 2006-2013 Jean-Philippe Lang
+// Copyright (C) 2010-2013 the ChiliProject Team
+//
+// This program is free software; you can redistribute it and/or
+// modify it under the terms of the GNU General Public License
+// as published by the Free Software Foundation; either version 2
+// of the License, or (at your option) any later version.
+//
+// This program is distributed in the hope that it will be useful,
+// but WITHOUT ANY WARRANTY; without even the implied warranty of
+// MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE.  See the
+// GNU General Public License for more details.
+//
+// You should have received a copy of the GNU General Public License
+// along with this program; if not, write to the Free Software
+// Foundation, Inc., 51 Franklin Street, Fifth Floor, Boston, MA  02110-1301, USA.
+//
+// See doc/COPYRIGHT.rdoc for more details.
+// ++
+
+import {Component, OnInit, ChangeDetectionStrategy, ChangeDetectorRef, Injector, ViewChild, ElementRef} from '@angular/core';
+import {AbstractWidgetComponent} from "app/modules/grids/widgets/abstract-widget.component";
+import {I18nService} from "core-app/modules/common/i18n/i18n.service";
+import {ProjectDmService} from "core-app/modules/hal/dm-services/project-dm.service";
+import {CurrentProjectService} from "core-components/projects/current-project.service";
+import {SchemaResource} from "core-app/modules/hal/resources/schema-resource";
+import {ProjectResource} from "core-app/modules/hal/resources/project-resource";
+import {PortalCleanupService} from 'core-app/modules/fields/display/display-portal/portal-cleanup.service';
+import {WorkPackageViewHighlightingService} from "core-app/modules/work_packages/routing/wp-view-base/view-services/wp-view-highlighting.service";
+import {IsolatedQuerySpace} from "core-app/modules/work_packages/query-space/isolated-query-space";
+import {ProjectCacheService} from "core-components/projects/project-cache.service";
+
+export const emptyPlaceholder = '-';
+
+@Component({
+  templateUrl: './project-status.component.html',
+  styleUrls: ['./project-status.component.sass'],
+  changeDetection: ChangeDetectionStrategy.OnPush,
+  providers: [
+    // required by the displayField service to render the fields
+    PortalCleanupService,
+    WorkPackageViewHighlightingService,
+    IsolatedQuerySpace
+  ]
+})
+export class WidgetProjectStatusComponent extends AbstractWidgetComponent implements OnInit {
+  @ViewChild('contentContainer', { static: true }) readonly contentContainer:ElementRef;
+
+  public currentStatusCode:String = 'not_set';
+  public explanation:String = '';
+  public availableStatuses:any = {
+    on_track: this.i18n.t('js.grid.widgets.project_status.on_track'),
+    off_track: this.i18n.t('js.grid.widgets.project_status.off_track'),
+    at_risk: this.i18n.t('js.grid.widgets.project_status.at_risk'),
+    not_set: this.i18n.t('js.grid.widgets.project_status.not_set')
+  };
+
+  constructor(protected readonly i18n:I18nService,
+              protected readonly injector:Injector,
+              protected readonly projectDm:ProjectDmService,
+              protected readonly projectCache:ProjectCacheService,
+              protected readonly currentProject:CurrentProjectService,
+              protected readonly cdr:ChangeDetectorRef) {
+    super(i18n, injector);
+  }
+
+  ngOnInit() {
+    this.loadAndRender();
+  }
+
+  public get isEditable() {
+    return false;
+  }
+
+  private loadAndRender() {
+    Promise.all(
+        [this.loadCurrentProject(),
+        this.loadProjectSchema()]
+      )
+      .then(([project, schema]) => {
+        if (project.status) {
+          this.currentStatusCode = project.status.code;
+          this.explanation = project.status.explanation;
+        } else {
+          this.currentStatusCode = 'not_set';
+          this.explanation = '';
+        }
+        this.redraw();
+      });
+  }
+
+  private loadCurrentProject() {
+    return this.projectCache.require(this.currentProject.id as string);
+  }
+
+  public get isLoaded() {
+    return this.projectCache.state(this.currentProject.id as string).value;
+  }
+
+  private loadProjectSchema() {
+    return this.projectDm.schema();
+  }
+
+  private redraw() {
+    this.cdr.detectChanges();
+  }
+}
diff --git a/modules/grids/config/locales/js-en.yml b/modules/grids/config/locales/js-en.yml
index 1c317f6191..ded27f5e40 100644
--- a/modules/grids/config/locales/js-en.yml
+++ b/modules/grids/config/locales/js-en.yml
@@ -28,6 +28,12 @@ en:
         project_details:
           title: 'Project details'
           no_results: 'No custom fields have been defined for projects.'
+        project_status:
+          title: 'Project status'
+          on_track: 'On track'
+          off_track: 'Off track'
+          at_risk: 'At risk'
+          not_set: 'Not set'
         subprojects:
           title: 'Subprojects'
           no_results: 'No subprojects.'
diff --git a/modules/grids/lib/grids/configuration/in_project_base_registration.rb b/modules/grids/lib/grids/configuration/in_project_base_registration.rb
index 6a1ed85ee0..4ed219b0b2 100644
--- a/modules/grids/lib/grids/configuration/in_project_base_registration.rb
+++ b/modules/grids/lib/grids/configuration/in_project_base_registration.rb
@@ -3,6 +3,7 @@ module Grids::Configuration
     widgets 'work_packages_table',
             'work_packages_graph',
             'project_description',
+            'project_status',
             'project_details',
             'subprojects',
             'work_packages_calendar',
diff --git a/modules/overviews/lib/overviews/grid_registration.rb b/modules/overviews/lib/overviews/grid_registration.rb
index 163252a26c..9f7e85ed80 100644
--- a/modules/overviews/lib/overviews/grid_registration.rb
+++ b/modules/overviews/lib/overviews/grid_registration.rb
@@ -9,7 +9,7 @@ module Overviews
 
     defaults -> {
       {
-        row_count: 2,
+        row_count: 3,
         column_count: 2,
         widgets: [
           {
@@ -22,6 +22,16 @@ module Overviews
               name: I18n.t('js.grid.widgets.project_description.title')
             }
           },
+          {
+            identifier: 'project_status',
+            start_row: 1,
+            end_row: 2,
+            start_column: 2,
+            end_column: 3,
+            options: {
+              name: I18n.t('js.grid.widgets.project_status.title')
+            }
+          },
           {
             identifier: 'project_details',
             start_row: 2,
@@ -34,9 +44,9 @@ module Overviews
           },
           {
             identifier: 'work_packages_overview',
-            start_row: 1,
-            end_row: 2,
-            start_column: 2,
+            start_row: 3,
+            end_row: 4,
+            start_column: 1,
             end_column: 3,
             options: {
               name: I18n.t('js.grid.widgets.work_packages_overview.title')