A project could be anything that needs testing, from software to websites to products.
You can see list of of all projects in your Company on Projects Page.
Accessing Projects page
By clicking Projects link in Profile Menu
2. By clicking "Show all Projects" from Project Jumper
From Projects page an administrator can perform actions like :
Editing a project
Click on actions menu (...) and then click Edit to change your project's Name.
Deleting a project
Click on actions menu (...) and then click Delete
Deleting a project would cause permanent deletion of all the related data it holds including test cases, test plans, test results, defects and settings. As an alternate you may like to archive the project if you do not want to use it currently.