Fill in all the fields of this wizard to create a new Library.
A project represents the physical distribution of your instances in your workspace. There can be various projects for each location (a location is the equivalent of a database).
In the 'Navigator' view of the 'Design' perspective, you will see that the packages represent the branches of your projects. Each package contains its own instances.
So naming a package after a library is be a good idea. To reflect the library hierarchy, you can enter the library names (starting from the highest-level library), and separate each with a period (ex: 'COM.CIF') . This way, the 'Navigator' view will display a first-level branch, COM, with its instances, and a second-level branch, CIF, with its own instances.