As a team admin, you can create new projects. After logging in to the team, select the projects tab, and the create new project icon:
You are required to add a project abbreviation:
After the creating the project, all fields can be edited. If the project is closed, it can be reopened.
Only the team admin and the project assignee can edit the project, but all other team members have view rights.
The project abbreviation name must be unique within a team.