Projects can be created from scratch one at a time, or can be created by copying a project template. It is recommended that you create one or more project templates first, then create new projects based on them. Advantages to using a template include ease of individual project setup, consistency between projects, and the ability to update project information easily (for example, if you add a new user, introduce a new business process, or edit a cost sheet column) by allowing you to make an addition or modification directly to the template and then "push" it to existing projects.
Note: You can migrate standard projects to CBS shells. See Migrating standard projects to CBS shells.