This wizard helps you create a Report. You specify its name, its label, and the project where it is to be saved.
If you are maintaining a Pacbase application, selecting a package is not advised. The instance override mechanism is then made easier because the overriding instance is always in the same package as the overridden instance. You do not need to manage the presence of both the instances in the same package, which is the requirement of an override.
A project represents the physical distribution of your instances in your workspace. It groups directories and files. It is used to organize resources which can be built, shared, or stored as a version.
A Pacbase project contains a subset of files, which correspond to the models and the generated sources that make up an application.
There can be various projects for each location (a location is the equivalent of a database).