Changing field value based on a selected value

Summary

The Value of the Custom Property should change based on the status of the Activity

Content

Hello Experts,

We are currently working on a usecase which pertains to the changing the value of the custom property based on the status of the Activity.

For Example:

We have a custom property called Field_Records that holds enumeration value: Task created/Assigned, Task in progress and Assigned task not completed.

If the status of the activity is Pending: Field_Record should display "Task created/Assigned"

If the status of the activity is Started: Field_Record should display "Task in Progress"

If the status of the activity is Not Done: Field_Record should display "task not completed"