In CA PPM, the default status of an idea is "On Hold". When a project is created by converting this Idea and the
"Copy Financial Properties and Financial Plans" checkbox is ticked, it results in a Project with Financial Status "On Hold".
This also happens if the default value of the "Financial Status" attribute on the Project Object is set to "open" and the Template used has a Financial Status of Open.
Steps to Replicate:
1. Set the default value of the Financial Status attribute on the Project object to be "Open".
2. Create a new Project template with Financial Status set to "Open"
3. Create an Idea and approve it.
4. Convert the Idea to Project using the Template created in step 2 and make sure the "Copy Financial Properties and Financial Plans" box is ticked.
The resulting Project has a Financial Status of "On Hold"