A project template can help you to set up new projects by providing a ready-made set of Project Analysis groupings and project phases.
Using project templates can also help you to keep data formats consistent throughout the system.
You can't apply a project template to an existing project. You can only apply a template when you are setting up a project.
Typical legal billing stages in a construction company include Design, Construction and Tendering. It's a good idea to set up these phases in a project template so that they can be applied to all construction projects.