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The status bar of the PM Dashboard is similar to the status bar of the project document list:

The status bar contains the following information:

the number of projects in the current view (if you filter your project list, then you see the filtered number of projects and not the total number of projects)

the number of selected projects and their total word count

the progress based on your selection (words, characters, or segments): you can click the Counts and progress section to change the base progress on.