SmartSVN internally manages your SVN working copies by 'SmartSVN projects'. A SmartSVN project points to a local SVN-controlled directory and has a name and settings (Project Settings) attached to it. When working with SmartSVN, you are always working with a project.
Projects can be created in different ways from the Project menu. To create a completely new project from a not-yet-version-controlled local directory, use Create Module (see Create Module). This will also create the corresponding directory (module) in the repository. If you want to create a local working copy from a project which already exists in a repository, use Check Out (see Check Out). To create a project from an already versioned local directory, use Create from Directory and specify the local SVN-controlled directory.
One Project Window shows one project at a time. To work with multiple projects at the same time, you can open multiple Project Windows by clicking Window|New Project Window. Already existing projects can be opened in a Project Window by Open or closed by Close.