Creating a project is simple! First, you must be an admin or have admin privileges. Then, on the left navigation, click the + button on the right of Projects for the add new panel and enter the name of the project. You can add a project folder (or add it to an existing folder) and specify if you would like to add yourself to the project team. Once you hit OK, the project is created. It's that's simple.
After you create a project, you can begin setting up the project by clicking on the project name and going to the Overview section of the project. On the right side of the screen, you can use the Details, People, and Settings to add a description, a project budget, add a project team, set permissions, and much more.