A PowerShell script to wrap the `tfpt.exe createteamproject` process for creating a new Team Project in Team Foundation Server

New-TFSTeamProject.ps1

# requires -version 2.0
[CmdletBinding()]
param (
    [parameter(Position=0, Mandatory=$true)]
    [string]
    $CollectionUri, # eg 'http://tfsserver:8080/tfs/DefaultCollection'

    [parameter(Position=1, Mandatory=$true)]
    [string]
    $ProjectName, # eg 'MyNewProject'

    [parameter(Position=2, Mandatory=$true)]
    [string]
    $ProcessTemplateName # eg 'Microsoft Visual Studio Scrum 2.0' 
)

if (-not $Env:TFSPowerToolDir) {
    throw "Environment variable 'TFSPowerToolDir' is not set. You may need to restart the computer after installing the TFS Power Tools."
}

$TfptExe = Join-Path -Path $Env:TFSPowerToolDir -ChildPath tfpt.exe
if (-not (Test-Path -Path $TfptExe -PathType Leaf)) {
    throw 'Team Foundation Server Power Tools must be installed.'
}

if (Get-Process | Where-Object { $_.Name -eq 'devenv' }) {
    Write-Warning 'For best results, close running instances of Visual Studio before proceeding. Waiting 10 seconds...'
    Start-Sleep -Seconds 10
}

$WorkingPath = Join-Path -Path $Env:TEMP -ChildPath ([Guid]::NewGuid())
New-Item -Path $WorkingPath -ItemType Container | Out-Null

$XmlDoc = [xml]@"
<?xml version="1.0" encoding="utf-8"?> 
<Project xmlns="ProjectCreationSettingsFileSchema.xsd">
    <TFSName>placeholder</TFSName>
    <LogFolder>placeholder</LogFolder>
    <ProjectName>placeholder</ProjectName> 
    <ProjectReportsEnabled>true</ProjectReportsEnabled>
    <ProjectSiteEnabled>true</ProjectSiteEnabled>
    <ProjectSiteTitle>placeholder</ProjectSiteTitle>
    <SccCreateType>New</SccCreateType> 
    <ProcessTemplateName>placeholder</ProcessTemplateName> 
</Project>
"@

$XmlDoc.Project.TFSName = $CollectionUri
$XmlDoc.Project.LogFolder = [string]$WorkingPath
$XmlDoc.Project.ProjectName = $ProjectName
$XmlDoc.Project.ProjectSiteTitle = $ProjectName
$XmlDoc.Project.ProcessTemplateName = $ProcessTemplateName
$XmlDoc.Save("$WorkingPath\settings.xml")

& $TfptExe createteamproject /settingsfile:"$WorkingPath\settings.xml" 2>&1 |
    Tee-Object -Variable ExeResult
$TfptExitCode = $LASTEXITCODE
$LogResult = $WorkingPath | Get-ChildItem -Exclude settings.xml | Get-Content

Remove-Item -Path $WorkingPath -Force -Recurse

if ($ExeResult -is [System.Management.Automation.ErrorRecord]) {
    throw "Failed to create new team project:`n$ExeResult"
}

if ($TfptExitCode -or $LogResult -match 'exception') {
    throw "Failed to create new team project:`n$LogResult"
}

"Project created."

Nice! Do you know how to specify the Project Description?
Thanks!

@sameer-kumar
Within the xml:
<ProjectSiteDescription>TestAgile2 - project created from command line</ProjectSiteDescription>
source