LabVIEW Project
A LabVIEW Project is a file with extension, *.lvproj. It is an XML file that stores information about the files, targets, hardware configurations, and build specifications that make up a project. The Project Explorer is used to view and edit these files. It is not recommended to edit the XML directly.
Project Items
Inside of a LabVIEW Project, there are many types of ProjectItems. A full list of ProjectItem can be viewed on the ProjectItems page.
Libraries
When other Libraries including LabIEW Project Libraries, LabVIEW Classes, LabVIEW StateChart Libraries, and XControls are added to a LabVIEW Project, only the Library file itself is referenced in the LabVIEW Project file. This is helpful because adding to or modifying a Library won't necessitate a change to the LabVIEW Project file and wouldn't require the LabVIEW Project file to be updated in Source Code Control.