Change Taxonomy admin labels: https://www.damiencarbery.com/2018/04/change-taxonomy-admin-labels/

change-portfolio-to-project.php

<?php
/*
Plugin Name: Change Portfolio to Project
Plugin URI: https://www.damiencarbery.com/2018/04/change-taxonomy-admin-labels/
Description: Change labels in Genesis Portfolio Pro plugin from Portfolio to Project.
Author: Damien Carbery
Version: 0.1
*/

add_action( 'registered_post_type', 'dcwd_change_genesis_portfolio_pro_cpt', 10, 2 );
function dcwd_change_genesis_portfolio_pro_cpt( $post_type, $args ) {
    if ( 'portfolio' === $post_type ) {
        global $wp_post_types;
		
		$args->label = 'Project';
	    	$args->labels->name = 'Our Projects';
		$args->labels->menu_name = 'Our Projects';
		$args->labels->add_new_item = 'Add New Project';
		$args->labels->edit_item = 'Edit Project';
		$args->labels->all_items = 'All Projects';
		$args->labels->archives = 'All Projects';
		$args->labels->not_found_in_trash = 'No Projects found in Trash';
		$wp_post_types[ $post_type ] = $args;
    }
}


// Change Portfolio Types taxonomy labels to use 'Project' instead of 'Portfolio'.
add_filter( 'taxonomy_labels_portfolio-type', 'dcwd_change_genesis_portfolio_pro_taxonomy_labels' );
function dcwd_change_genesis_portfolio_pro_taxonomy_labels( $labels ) {
	$labels->name = 'Project Types';
	$labels->singular_name = 'Project Type';
	$labels->edit_item = 'Edit Project Type';
	$labels->add_new_item = 'Add New Project Type';
	$labels->search_items = 'Search Project Types';
	$labels->update_item = 'Update Project Type';
	$labels->menu_name = 'Project Types';

	return $labels;
}

change-taxonomy-labels.php

<?php
// Change Portfolio Types taxonomy labels to use 'Project' instead of 'Portfolio'.
add_filter( 'taxonomy_labels_portfolio-type', 'dcwd_change_genesis_portfolio_pro_taxonomy_labels' );
function dcwd_change_genesis_portfolio_pro_taxonomy_labels( $labels ) {
	$labels->name = 'Project Types';
	$labels->singular_name = 'Project Type';
	$labels->edit_item = 'Edit Project Type';
	$labels->add_new_item = 'Add New Project Type';
	$labels->search_items = 'Search Project Types';
	$labels->update_item = 'Update Project Type';
	$labels->menu_name = 'Project Types';

	return $labels;
}