Am I correct in assuming that there are only 7 choices available to define Project Type?

Is the only alternative to the defaults "other"??

Based on a user's unique circumstances, myriad versions of "other" could apply yet it appears that they cannot be defined. If this is the case, the Project Type field may as well be removed since it is essentially useless for those who don't fit into the constrictive mold of whoever defined the dropdown list.

Either I'm missing something very basic or, the program shoves its interpretation of what a calendar's defaults should be down our collective throats.