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Elena is a product manager at a tech company. She's spearheading the launch of a new software application and needs to track various components of the project, such as bug reports, user feedback, and feature requests. She's seeking a Microsoft tool that will allow her to create customized lists, share them with her team, track versions of items, and even apply color-coded conditions based on certain criteria. Which Microsoft tool offers these specific capabilities tailored to Elena's requirements?