I'll recommend readig Bernhard's article "Let’s end all Free Software “projects” quickly!" http://blogs.fsfe.org/bernhard/2012/03/lets-end-all-free-software-projects-q...
A “project” is always temporary, in the narrow sense of the term. Some Free Software people use “project” to refer to long lasting initiatives instead. By adopting the more widespread use of the term, Free Software initiatives enhance their ability to reflect upon themselves and to communicate better towards others. To make a distinction between an initiative, projects and products enables a group to more clearly speak about their individual interests and how this leads to successful cooperation. Let us end the misleading use of “project” and get into concluding more Free Software project faster!
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Best Regards from the Chemnitzer Linuxtage Matthias