Julie is correct. Using a template can be easier to create a new project. Having a template as a file can certainly work if it is clean, and if it is stored in a common location it can be updated and always available to everyone. Saving a project as a template allows you to remove bad information like actual work, fixed costs, and baseline information. If you think that might be something worth trying, you can save the current template as a real template to clean it up, and then create a new project from that template. Otherwise, nice but either way works.