Hi Roxanne. Fusion would be a great solution for this if you happen to have it. Fusion could monitor for the status change, then immediately send a directed update notification and/or email to specific user/s.
I've actually used it in the past to step it up a notch further and send out custom 'graphical marketing-style' HTML emails to non-Workfront users based on activity in Workfront. e.g. project-related notifications to customers, non-Workfront colleagues/management etc.
If you'd like further info on this please reach out!