Project Names

Project Names must begin with a letter and can include up to 40 characters (letters, numbers and underscores)
The programmer can choose the name
The default name for a project is VBAProject followed by the filename of the object in brackets

You can change the name of the project by clicking on the top node and using the Properties window to change the name. Note that the projects are sorted alphabetically by project name.
There is also a VBA Project associated with every open workbook.