1. From the Project Navigator,
select File -> New Project.
Use the Project Navigator to Browse for the directory in which you
want to store your project folder. Click the new folder icon 
and type in the name of a folder for your new project.
2. Open the new folder (double-click). Then type in a file name in the File Name line and click Save. The file name (before extension) must not exceed 8 characters.
3. Next you can give your project
a title by double-clicking the Project Notebook icon 
on the Project Navigator's Sources
in Project window.
4. Type in your project title (My Project) in the Value column and click OK.
Continue
with Creating a New Source Design