Your individual business unit and management team should determine when each project lifecycle is appropriate and when to use the Hold, Resume, and Cancel functions.
When viewing a list of projects (see View Projects):
To Hold/Resume/Cancel:
Use the check boxes to select one or more projects.
Select on the page tool bar.
Select Hold, Resume, or Cancel.
You may promote/demote on the Project Lifecycle page:
Access the project.
See View Projects.
Click Lifecycle on the project category tree.
Click or on the page tool bar.