TF30277: You do not have sufficient permissions on the Windows SharePoint Services at {0} to create a new site.
This error occurs when the permissions granted your user account on the Windows SharePoint Services server {name} are not sufficient to allow you to create the new SharePoint Services site. A SharePoint site is used as the project portal. You must be granted specific permission by the Windows SharePoint Services administrator.
To correct this error
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Contact the administrator for the Windows SharePoint Services server {name} and ask that your user account be added to the Site Administrator group. Your Team Foundation Server administrator may also be able to grant you the required permission.