This article explains how to create a new project, based an existing and released project.
Notes:
You need either "Subscription Administrator" or "Project administrator" rights to be able to create projects.
There needs to be a released blueprint available to use create your project upon.
Please watch the below video or follow the step-by-step explanation.
Video contents
0:00 Introduction
0:10 Assumptions
0:20 Creating a project
1:15 Selecting a team
1:35 Set user project rights
2:45 change user project rights
3:10 Switching teams