Hi SAP MM,
Any Project created for the first time will be by default in CRTD (created) status. Further you add any number of WBS elements, networks or activities to this structure, all of them will be in CRTD status, unless and untill you go and change the status of the individual WBS to REL. If you make WBS release instead of project, then your WBS will be released but your project will be partial release (PREL). As standard you cannot automatically release a project.
Pravin