diff --git a/erpnext/projects/doctype/project/project.py b/erpnext/projects/doctype/project/project.py
index d610a8c1165e85f91bb940d753a855cc3e2807d4..a1472dc8c918acefd8f22441a8aebaf3c7b41e9d 100644
--- a/erpnext/projects/doctype/project/project.py
+++ b/erpnext/projects/doctype/project/project.py
@@ -278,8 +278,7 @@ class Project(Document):
 		if self.status == "Cancelled":
 			return
 
-		if self.percent_complete == 100:
-			self.status = "Completed"
+		self.status = "Completed" if self.percent_complete == 100 else "Open"
 
 	def update_costing(self):
 		from frappe.query_builder.functions import Max, Min, Sum