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I have my active projects foldered by "area of responsibility." Then I have, at the bottom of my project list, a Someday/Maybe folder.

If a project is simply "not doing now," I place it on hold but it is filed in the appropriate area of responsibility folder. This includes things I intend to do but I know I don't want to work on before at least the next weekly review. If a project is "not doing ever" (meaning no specific plans but a weak "maybe"), I place it on hold in the Someday/Maybe folder at the bottom. Thus by where I file the project, I have in effect two levels of On-Holdness. At weekly review I consider whether I want to promote or demote projects between or out of these levels.