Projects are collaborative enterprises to achieve specific goals. They have one or more agile teams assigned to work on them, and they complete work items during iterations. Every few iterations, a new version of the product is made available through a release. Projects should contain information about their duration, status, and owner. They should also have a description, releases, contacts, and shared folders.

The project should have a start and end date. This allows project managers and teams to keep track of how far through the project they are, and how much remains to be done. Furthermore, the business can use this to check if the project is on track for completion.

Information about the project's status should be shown. Status options include planning, not started, in progress, and completed. Projects in the planning stage are not yet ready to be started. Once planning is complete, the project progresses through the other stages until it is complete or discontinued. It is important to have information about the project's status because it lets managers know which projects are being done, and thus, which ones need resources.

The owner of the project should be named in the project. This makes it easier to consult or inform them if the project needs to be changed.

The description of the project should mention why the project was created, what it is intended to do, and how it adds value to the company. A description is important because it keeps track of why the project is running, and lets the business know what kinds of work items should be added to the project.

Releases are stages at which a new version of the project is made available. Information about releases should be included in the project because they let workers know when the new version can be used. They also let team members know when all problems must be fixed by, and what goal they are aiming towards.

The list of contacts should contain contact information for anyone associated with the project. Anyone who might need to be contacted should have information registered here, to make it easier to get in touch with them in an emergency.

Shared folders should contain any information that can be used by people working with the project. They can contain attachments such as actions, comments, files, images, and notes. Shared folders are important because they allow for easy sharing of information.

Keeping a record of projects makes it easier to manage them and prevent duplicate projects from being formed. Retaining information about projects allows the business to consider what it has tried in the past when making decisions about future projects.