You can define new RCM Projects using the System Codes screen. Use Entity STPR (RCM Project) under Codes:
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User Code - RCM Project Code. Maximum of eight characters.
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System Code - * is the only option here.
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Description - Project description.
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Default - The Risk Matrix associated to the default project will be used for all equipment and locations, unless you select a RCM Project for the Organization of that equipment or location.