To proceed further, you must have Visual Studio 2015 or higher and TFS 2015 configured in your environment. Your account must have project creation privileges.
To configure a New Team Project under TFS 2015 from your Visual Studio, follow the below steps:
- From your Visual Studio, access the Team Explorer window (View -> Team Explorer), click Home and hover over Projects and My Teams and click New Team Project.

2. When New Team Project wizard appears, provide a name for your Project:

3. Select a Process Template:

4. Select Source Control Settings:

Review the Settings and Finish.