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.
On the settings page for your selected project you will see a cogwheel icon on the top-right part of the page - clicking on that icon will provide you with extra options, select "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 that project to access its settings page and then use the cogwheel icon in the upper-right corner of the page to see additional options - select "Don't use 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. Considering that there are two ways of creating a new project there are also two places where you can apply your Project Template to a new project.
On the Projects page you can create a new project by clicking the green "Create Project" button which will trigger a pop-up allowing you to name your project, select a client and apply one of your previously created templates:
If you choose to create a new project while creating a new time entry, a different popup will appear also allowing you to apply an existing Project Template to your new project: