Enter the name of your project.
You can optionally enter the primary goal of this project. It is best to be succinct. Also, goals are best when they are "SMART", i.e. they are specific, measurable, achievable, realistic, and time-bound. See http://zenportfolios.com/smart-goals for help on this.
Enter a brief project description.
Select the project group this project is part of (if applicable).
What is the project start date? If you are not sure of an exact date, just enter an estimated start date.
When does this project have to be completed by?
Select whether this project has a fixed or a flexible deadline. The default is that the project completion due date is fixed... it absolutely must be completed by the due date (e.g. an event you are organizing where the date cannot be pushed back). You can change this if appropriate to "Flexible" if it's okay to push back the due date (e.g. if you had a project to "learn to play the piano", you would likely be flexible with the due date)
Enter the approximate status / milestones for this project.
Enter the estimated hours required to complete this project. This should include the total hours for all participants on the project. Just enter the number (e.g. 20, not "20 hours").
You can optionally later add a revised estimate for the hours required for this project.
If you entered an updated estimate for the total hours for the project, you should enter the date that you made this updated estimate.
You can optionally include a brief project charter here. The project charter usually includes a summary of who has authorized the project.
It's a good idea to have a team charter that clarifies the expectations for the project participants. This usually contains information on team values and specific norms such as meeting times, participant's availability, communications approaches (e.g. how frequently people are expected to check their email), how you will handle conflict, etc. It's a good idea to number the specific criteria. It's also important that all team members are involved in developing this team charter and agree at the beginning of the project with its contents as it acts as a team member "contract" for the duration of the project.
If your project has a project website, you can enter it here.
You can optionally enter some tags for this project (i.e. keywords). This will make it easier later to find projects.
Enter the priority level for this project. When deciding the project priority level, consider how important it is to complete this project compared to the other projects you are working on.