A global picklist is a list of values that is defined and maintained at a global level in one's Salesforce organization. Instead of defining the same picklist values separately for each field or object, you define them once in a global picklist and then use this global picklist in multiple places.
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1.
open Home | Salesforce
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2.
Click on Gear icon and select " Set Up " from dropdown and click Next
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3.
In Quick Find box type "Picklist Value set" and select it
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4.
Click New
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5.
Click on Label give a title and then click on Name section ( the "Name" will be automatically taken) and the click on "Next"
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6.
In the value section, provide the values ( no.of values is as per the requirement) Note 1: Click the chechbox if one wants the order to be displayed in alphabetical order Note 2: Click the checkbox if one want to use the first value as default value and then click on "Next"
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7.
Click Save
