Task management status changes

Forum,

in ERPNext, the task status are :
Open
Working
Pending Review
Overdue
Template
Completed
Cancelled

But in our project management task status are:
Initiated
Revision/Changes
Review & Research (SEO)
In Progress
Done
Sent to Client
Completed

I want to somehow customize erpnext status with ours since erpnext status are automated to overdue etc

is it possible?

You can ditch task status and create a custom workflow for your tasks.
https://docs.erpnext.com/docs/v13/user/manual/en/setting-up/workflows#1-prerequisites