How to rename a Custom Field in Microsoft Project?
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If a field in your project captures the right data, but a different title would more accurately describe what's being captured, you can simply rename the field. Renaming the field involves first hiding the column, and then showing it again with the new field name.
Note: The new name will be used for the current view only. If you have this field displayed in multiple views, you may want to rename the field using these steps in the other views, as well.