Add Priority to Project Status bar

It would be really great if there were a way to indicate that a project is urgent or high priority when the project has been made current and shared with the respective parties involved? (like a red flag on the project or email notification). I have read through the information provided in the link below and it only indicates that it is a possible field for reporting purposes, which is not what I am looking for. The users involved would need the visibility or awareness of a project that is high priority / urgency.

Thank you.