I want to set up project status on dashboard. is there any way to set the same like invoice, expenses etc.. on dashboard

This is a great idea for a new software feature, @asharan.

Currently, the ability to display your project status in your QuickBooks dashboard is not available. I see how customizing your dashboard to see project information would be useful for you and your business.  

I'd forward your feedback about the Dashboard feature customization options to our Product Developers. In the meantime, you can see the project status in your Project dashboard.

I'm always here if you have other questions about navigating around QuickBooks.