Absolutely. You can change your notification preferences in the
Preferences screen. Deselect the applicable check boxes to turn
off notifications altogether, or set the interval to 0 for the second
notification period if you only want a single notice when your status
report is nearing the due date.
Organizational Initiatives are major projects or efforts active in your assigned organization
that are only visible to members of a specific organization when they
create a status report item ( please note that the actual status
report item will be visible to your manager even if they are in a
different organization). In contract, company-wide initiatives are
available to all users when they create a new status item.