Projects can have their "Project Time Estimate" and "Task Time Estimates" reset based on the schedule of your choice with Recurring Projects. This is a Starter plan feature.
How to set up a Recurrence
Recurrences can be set up while creating a new project. Enable the switch next to Recurring and under it choose the recurring period and date when you wish to start the recurrences from.
On the Projects page, Projects with recurrences will be shown with a recurring icon next to them.
The Tasks and Dashboard tab inside the Project will show you data from the current period only. You can view data for a longer duration under Reports.
Recurrences do not create a new instance of the same project, it simply resets the estimates based on the schedule