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Update task in WBS as complete when project record field is set to "YES" using Workflows

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Hi experts, 

I have a field in the project record called "deposit received" (two options - yes/no) .

Now, when I set this field as "Yes" I would like the task in the work breakdown structure to be marked as completed. 

Is this possible at all. If yes is it possible through workflows? 

Thanks,

Purvesh 


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