I do not see the value of projects in the hierarchy structure. I see them only on the dashboard view. Am I missing something?

When using filters, you can look at data that relates to a specific project. For example, you could have different functional groups within your company that are set as projects (accounting, HR, legal, development) and you would see all of their items in one list. If you wanted to look at the accounting department's workload or progress, you would simply use the filter "project > accounting".

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