Project Template is a Starter plan feature. It allows you to to create many similar projects quickly. Projects created using an existing Template have settings such as Billable Rates, Estimates, Tasks and Team already applied.
Setting up a project template
There are two approaches to setting up a Project Template. You can create a template from an existing project or create a new project just for the purpose of creating a project template.
If you choose to create a template from an existing project you need to have Administrator access rights to choose any project from the list of projects on the Projects page. If you are a regular user, you will only be able to create templates from projects you've created yourself.
Whichever approach you choose to go with, you need to access the settings page for that specific project by clicking on the project from the list of projects on the Projects page.
Choose the Project you'd like to edit, click on Edit Project in the top right corner and toggle the option to Set as template.
Removing a project template
Removing a Project Template requires you to locate the project in question on the Projects page, click on Edit Project to open a popup and then turn off the option to Set as template.
Applying a Project Template to a new project
Now that you have your template set up you can easily apply it to a new project.
Whether you're trying to create a Project from the Projects page or when creating a new time entry, same popup will appear allowing you to apply an existing Project Template to your new project: