Picklists are lists of values you can set up for use in picklist fields. When configuring a picklist in the Item Details, Grid, or any other table-based tab, you can pick one of these as the list of values that appear in the field's drop-down.
Defined Picklists
Defined picklists consist of values you define. Some typical examples are Category, Importance (High/Medium/Low), Status, Yes/No, Open/Closed, and Approved by.
Workspace Picklists
Workspace picklists consist of records from a workspace. You can control which records appear in the list by applying filters to fields in the workspace.
Picklists in Fusion Manage are created and managed through Picklist Manager.