This feature is available in Enterprise and Ultimate editions.
If you want to change the structure of your project hierarchy, you can move projects up or down in the project tree, or even nest them below other projects. Follow the steps in this article to learn how.
Follow these steps to move a project:
Anywhere in the application, click on the name of the project you want to move.
On the project details page, select Move Project from the Edit drop-down button.
In the Move Project window, select a new parent project.
Depending on the structure of your data, moving a project may break some relationships. In these cases, the system will notify you in advance. Be sure to read the details before clicking OK.
If you are using the Team or Catalyst edition of VersionOne, you do not have the ability to move projects.