By default, the Project text field displays either <no project>
or the name of an existing project that exactly matches the name of the
executable. If you want a different project associated with this executable,
select a project from the Project drop-down list. If you do not want
the executable associated with a project, select <no project> If you want a new project
created for the executable, select <create new project>.
If you create a new project for your executable, you can set project
properties by right-clicking the project in the Projects window and choosing Project
Properties.