A project on openshift is essentially a namespace. It is a good practice to install FEP in a separate name space. On the RedHat OpenShift platform, click "Home" under "Projects" main menu and hence click on "Create Project".
( Screen Shot 1 and 2 - Create Project on OCP - for ref.)

In the dialog box, specify a unique name for your namespace and an optional display name and description.

Note
Operator installation needs Prometheus to be pre-installed in the Openshift cluster.