When a project is created from a template project, the new project will usually inherit the values from the template project.
For example, if the template project has a FINANCIAL STATUS as CLOSED, the newly created project should also have the same FINANCIAL STATUS but it comes back with an OPEN status.
Steps to Reproduce:
--> Open an existing project which has the financial status as CLOSED
--> Mark this project as a template
--> Create a new project using NEW FROM TEMPLATE and use the above template project to create one.
--> Navigate to the sub page which has the Financial Status field in it
Expected Result: The Financial Status of the newly created project is CLOSED
Actual Result: The Financial Status of the newly created project is OPEN
The Financial Status attribute is defined under the Project object level and users do have an option to select a default value for this attribute at the object level. The default value at object level overrides the value set at the project template level.
In this case, the Financial Status attribute was set to OPEN.
This is why the Financial Status of the newly created project was OPEN.