Drop-down choice based on rows in another sheet

Is it possible to define the single choice column, for which possible choices are loaded from another sheet?

For example, I created a nomenclature sheet for issue types. I use it to define (via VLOOKUP) a issue code prefix based on selected type. But the choice of types itself I have to type in the consumer sheet. So, when I discover a need for another type, it is easy to add a new mapping (aka "Risk" has a code "RSK") but then I have to modify choices of issue types in each sheet with "Issue Type" column.

Having the choices loaded based on sheet reference would solve many maintenance problems.