Toad for Oracle 12.7 Project Manager Organization

I would like to get some insight on how folks are using the Project Manager. For example: Are you creating one project file and then keeping all of your projects in there? Keeping them organized in folders?

Are you creating a new project manager file for each project?

In the dark ages, when I used the PM for my real work, I had multiple servers in multiple geographic locations. For me, I created a project for each geographic location. In each location, I had a sub project where I had the various servers identified. Under each server, I created an FTP node, a folder for my scripts, and login nodes for PROD, BAK, and TEST schemas. Not overly complicated but I found it a good way to organize what I had to work with. Something like this: