Note that you have to use a version of Visual Studio that matches your TFS version in order to create a team project.
From Team Explorer You can create a team project from Team Explorer
after you have connected to an on-premises server.
If you're not a member of the Project Collection Administrators Group,
get added as one. To create team projects you must have the Create new
projects permission set to Allow.
Ask your TFS administrator about the following resources and get
additional permissions as needed:
Which team project collection you should connect to when you create
your team project? If you installed TFS using the Basic Server
Configuration Wizard, you have only one project collection named
DefaultCollection. Unless you work in an enterprise organization and
will be supporting hundreds of team projects, you should add all your
team projects to a single project collection. If you need to create
additional collections, see Manage team project collections.
Has SQL Server Analysis Services and SQL Server Reporting Services
been configured for the deployment? If so, ask your administrator to
add you as a member of the Team Foundation Content Managers group on
the server that hosts SQL Server Reporting Services. Without these
permissions, you’ll be unable to create a team project.
Has a SharePoint Web application been configured for your deployment?
If you want to configure a SharePoint portal when you create your team
project, ask the SharePoint administrator to give you Full Control
permissions on the server that hosts SharePoint Products. Otherwise,
you can skip this step and configure a portal at a later time.
Open the same Visual Studio of visual studio as the version of TFS
that you're connecting to. If you don’t see the Team Explorer pane,
open View>Team Explorer from the menu.
As needed, Download and install Visual Studio Community to get a free
copy of the latest version.
Connect to the server and team project collection where you want to
create your team project.
ALM_CTP_Connect
You can access Team Explorer for free by installing Visual Studio
Community or any other Visual Studio version.
You must connect from a client that is at the same version level as
TFS. That is, you must connect to TFS 2015 from a version of Visual
Studio 2015.
Tip: If you are running Team Explorer from a server that hosts
SharePoint Products and SQL Server Reporting Services, you might need
to run Visual Studio as an administrator. If it’s your first time
connecting to TFS, you’ll need to add TFS to the list of recognized
servers.
ALM_EXL_AddServer
Open the New Team Project Wizard.
New link on Connect page (Team Explorer)
Name the team project. Don’t specify more than 64 characters.
And, note that after you’ve created a team project, you can’t change
its name.
Choose a process template. For a comparison of the default process
templates, see Choose a process.
Choose your version control, either Git distributed repositories or
TFVC, one centralized repo.
Not sure which system to use? Learn more about Git or TFVC.
After you've created your team project, you canadd repositories.
Unless your team project collection is configured to support a
SharePoint project portal, you’re done.
If the Next button is active, you can configure your project portal.
If the wizard encounters a problem, you’ll receive an error message
and a link to the project creation log. Review the log file for
specific errors and exceptions.
When you’re finished, you can see your team project in Team Explorer.
You can also choose the Web Access link to connect to your team
project from the web portal.