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In this video tutorial, the presenter demonstrates how to use custom symbols and a traffic light color coding system in Excel to highlight tasks that are overdue. The tutorial is based on a project time plan that includes tasks, start dates, working days, and calculated end dates using the workday function. The presenter intends to enhance the existing plan by adding symbols through conditional formatting to indicate task completion status and deadlines based on the current date. They emphasize the need for Excel to automatically insert today's date every time the workbook is opened, assisting users in identifying completed, overdue, and upcoming tasks effectively.