On the UI Development perspective:

By clicking File > New > Portlet Application Project.

By clicking the New > Portlet Application Project arrow button in the main toolbar.

By clicking the New button on the main toolbar and then clicking Software AG > UI Development > Portlet Application Project.

By clicking the New > Other command anywhere it is available, then expanding the Software AG > UI Development folders and clicking Portlet Application Project.

By clicking the New button on the Project Selection page of the Task wizard.

By right-clicking the Tasks entry in the Solutions view and clicking New Task Portlet Application.