“Projects" is an easy way to keep track of the assets you need when working on a project without navigating your entire library.
You can manually add specific assets to a separate "category" - or Project - so that you, at any time can easily access the assets you need for your current project.
Creating a new Project
When choosing "permission type", you can decide if the project is private (visible to you only), shared with a group (work groups that are usually defined by your local admin) or public (for everyone to see).
Your Project is empty until you've manually added the assets you want.
Adding media to your Project
You can add media content to your Project by selecting the asset in your Library Thumb View (W1) or List View (W2), right clicking, and select "Add to project".
When viewing your files in Properties (W3), you'll find "Add to project" in the top menu under "Tasks".
You can access your saved Projects in Library only.