Any possibility of creating new status type as similar to Draft before open status type in CO.

Business needs to introduce a new status called "pending" and the status type as "Draft" before the "open" status type. The change order should be moved to "pending" status when the initiator completes the draft. Additionally, if the change gets rejected, they should be able to move the change order back to "pending" status to allow the initiator to revise the information and resubmit the change.