Project Scope is a field that represents the magnitude/how much work should be done on the project
The scope field is currently not calculated in any way, but is included so you can manually determine the Scope for a project.
This setting allows you to edit or create new Scopes that can be set on a project.
The image below shows the default scopes: Low, Medium and High:
You can add new scopes or edit the ones in the table. Clicking on the palette icon shows a color picker dialog.
The red "X" deletes the row.