To create a project template, create your project, add any tasks, files, team members, expenses, or notes. Then click the little blue down arrow next to the project title in the project detail view. You should then see a menu item called Create Template. Selecting this menu item will bring up the template creation dialog window. More details can be found in this
http://www.mycpohq.com/blog/entry/Project-templates-are-here-at-last
To access project templates, click the Templates tab in the project list view. To apply a template to a new project, select a template from the Project Template select menu in the New Project form. See our blog post for a more detailed explanation of how to use templates.
http://www.mycpohq.com/blog/entry/Project-templates-are-here-at-last