A family of Microsoft relational database management systems designed for ease of use.
First, you cannot edit the data selected in a combobox. A combobox returns a single value that is represented by the bound column of the control.
Since, the Rowsource of the combo is a Value List, I'm assuming there is code that populates the RowSource. To help you further with the combo, we would need to see that code.
Second, if you using the combo to select a record in your Project file and you then need to update a value in that record, then the question becomes how do you link to the Project table? I can't say I've ever tried to use Access as an interface to Project, but I believe you can link to a Project table. If you can, then I would use a subform bound to a query that filters the Project table for the selected record in the combo. You can then display as many or as few fields from the Project table as you need in your subform. You can then unlock the field(s) you want to edit.
If you are not linking to the Project table, then you must be using Office Automation to handle the transfer of data between Access and Project. We would need to see that code.