New project, version, variant and copy project

In the section "project data" you can open the action menu (on the upper-right hand side of the screen):

There (see also figure 1) the following options are visible:

Figure 1: FLIGHTMAP project menu button

New project: a new project is created and named (in this case)
For the project, the default values are filled in.
New version: a new version of the project is created. A version is an incremental version of a project using new and enhanced data. This means the project data is copied and a new project is created, carrying the name:

Note: when the new version is created, the old version will be frozen (i.e. not available for editing). When a new version is created out of a project that consists of multiple variants, only a new version for the base scenario will be made. The other variants will become frozen.
New variant: a new variant of a project is created. A variant is an alternative way to run 2 projects (e.g. for the purpose of scenario testing). So, not necessarily enhancing the pre-existing data (which is done with a new version). Note that (since the difference is very small) a variant is also referred to as a version:
Copy project: a one-to-one copy of the project is created.

It is possible, and even recommended, to update the project (version) name directly.
New task: Create a new task
Lock project: lock project to be sure it won't be changed by other users while you are editing it.

Flightmap