Color-coded Projects within a Productions

I would very much like the ability to color code (label) Projects within the main Production panel. Once a Production gets busy with lots of working Projects; backups, archives, camera cards, music, stills, sequences, sub-sequences etc, it can be confusing coming back to a Production (after a weekend for example) and knowing which was the last working (current) project. This becomes even more important when working across a team, who may all use different naming conventions (however much you tell them to stick to the rules).

The outcome I would like, would allow me to say to a co-editor, "It's the green project in the sequences folder"