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The video tutorial demonstrates how to use symbols and color coding to highlight tasks past deadline in a project time plan. By combining symbols and conditional formatting, tasks can be categorized based on their completion status in relation to the current date. The tutorial aims to add three different sets of symbols to indicate tasks completed, behind schedule, and upcoming in the future. The goal is to automatically input today's date when opening the workbook. Link to previous video for project time plan setup provided in the video description.