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1. FOR EXAMPLE: To alter the existing generic Dream Catcher class project. Go to the AVID DreamCatcher project and duplicate the folder by right clicking the folder and go to copy.
Then go to the lanshare or another storage drive. Make a folder and title it with your name and open it.
right click to paste the folder to that newly created folder.
2. Click the name of the folder to highlight it then type over the (RENAME) part and change it to your name. 
3. Open the folder that was just renamed and change the names of the AVID project file, as well as the settings file. Make sure to keep the extensions (.avs and .avp)
