"Draft" means that you are at the project definition stage. This is the stage when you create the evaluation questionnaire, attach supporting materials, and select which Suppliers can view and respond to the project.
"Live" means that you have completed the project definition stage and Suppliers have been invited to respond. When you are ready to invite Suppliers to respond, change the project status from "Draft" to "Live" .
"Closed" means that the project is no longer active. Suppliers can no longer view or respond to the project. Evaluators can no longer score questions or edit weightings. When you are ready to close the project, change the project status from "Live" to "Closed".
In addition to the status lifecycle for a Project, each vendor's Response also has status values which determine what information can be viewed and which actions undertaken: