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In the video tutorial, the presenter demonstrates how to use custom symbols and color coding to highlight tasks that are overdue. This is achieved through a combination of symbols and conditional formatting in Excel. The project time plan includes tasks, start dates, number of working days, and end dates calculated using the work day function. The goal is to add symbols and conditional formatting to indicate completed tasks, tasks behind schedule, and upcoming tasks. The presenter also aims to automatically insert the current date every time the workbook is opened.