...
Before you can start creating projects, you may need to create master records of the following types: Project Roles and Project Types. However, you can easily create all the necessary master records of these and other types when creating a project.
The Projects list
The master records of projects can be arranged in a hierarchical structure. In a newly implemented system, there are no projects and there are no folders holding the projects.
...
To add a group (folder), click the Create Group button on the form toolbar. This opens the Projects (Create folder) dialog box. In the Description field, enter the description of this group (folder).
The "Projects (create folder)" form
...